Naluri secures US$7mil in funding for regional expansion

• Pruksa Group, Thailand’s leading real estate group led this round
• To fund move into Thailand, bolster operations in M’sia, S’pore, Indonesia

Naluri Pte Ltd (Naluri) announced that it has secured a US$7 million (RM30.8 million) pre-series B funding round, led by Pruksa Group, Thailand’s leading real estate development group.

In a statement, the digital health service provider said Pruksa Group’s investment is joined by Bertelsmann Investments from Germany and Striders Corporation from Japan and is supported by several returning investors, including M Venture Partners, Palm Drive Capital, and INP Capital.

The company said this new funding is earmarked for Naluri’s strategic expansion in Thailand and will further bolster the company’s operations in Malaysia, Singapore, and Indonesia.

Naluri claimed that its digital health service and healthcare cost-containment solution deploys technology to deliver integrated person-centered care to transform the lives of people at risk of, or managing, the most pervasive chronic and mental health conditions.

The company, founded in 2017 by entrepreneur Azran Osman-Rani and medical systems expert Jeremy Ting, claimed to pair evidence-based interventions and human-led expertise with a digital platform (via the Naluri app) to deliver significant health outcomes at a lower cost to healthcare payors.

According to Naluri, Southeast Asia faces an epidemic of chronic non-communicable diseases, now responsible for 60% of deaths in the region.

With the exacerbation of mental health conditions, including depression, anxiety, stress and burnout on the back of Covid-containment measures, the demand for accessible, affordable and scalable solutions has spurred Naluri’s growth.

Azran Osman-Rani, co-founder and chief executive officer of Naluri said more needs to be done to not only manage chronic health and mental health conditions, but must also prevent them as well.

“We must do so quickly and effectively. Global markets have tightened, but this investment affirms Naluri’s mission and fast-tracks our efforts to deliver support to more deserving people in the region,” he said

To date the company claimed to serve more than 75 of the region’s leading employers in industries that include financial services, oil and gas, property development, telecommunications, tertiary education and aviation.

It said it offers healthcare payors effective corporate wellness solutions across Malaysia, Singapore, Thailand and Indonesia, with imminent plans for expansion into the Philippines, Hong Kong and Australia.

Source: https://www.digitalnewsasia.com/startups/naluri-secures-us7mil-funding-regional-expansion