Healthcare

Staff Reporter

, Singapore

Published:

4 years ago

Biofourmis closes Series C funding, reels in $100m

The round was led by SoftBank Vision Fund 2, and the company plans to use the funding to accelerate global expansion.

Digital therapeutics provider Biofourmis has completed a $100m Series C financing round led by SoftBank Vision Fund 2, the company said in a press release. Existing investors such as Openspace Ventures, MassMutual Ventures, Sequoia Capital and EDBI also participated in this round.

The company plans to use the fund for developing, validating and commercialising several released and unreleased digital therapeutic solutions across cardiology, respiratory, oncology and pain management, with a focus on the US and key Asian markets including China and Japan.

With completion of its funding round, the company has also announced a new organisational structure by categorising its therapeutics and health section. The new structure will enable deeper integration with clients and partners and support ongoing innovation, Biofourmis expects.

Also Read

Healthcare equipment leasing market to grow by $28.4b by 2028

Microbiome sequencing services market to reach $5.5b by 2030

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

Healthcare equipment leasing market to grow by $28.4b by 2028

Healthcare providers are turning to leasing models for affordability amidst high costs.

Healthcare

1 day ago

Microbiome sequencing services market to reach $5.5b by 2030

A primary driver is the growing interest in the human microbiome.

Healthcare

1 day ago

Major infrastructure upgrades underway at Broken Hill Health Service

These include an upgraded ED and additional key health worker accommodations.

Healthcare

1 day ago

Healthcare collaborations to enhance diabetes mgmt in Singapore

The country is facing a growing burden of diabetes due to an ageing population and obesity.

Healthcare

1 day ago

Exclusives

HMI Medical rebranding marks shift to integrated care

Through M&As, the group is building a ‘house of brands’ for each medical area.

Healthcare

Electronic health records with AI show promise

They are also at risk from backdoor attacks, data poisoning and unauthorised access.

Healthcare

Patients suffer from Southeast Asia’s lack of unified health platform

The absence of a single ecosystem is hurting patients’ welfare.

Healthcare

Indonesia’s Tzu Chi Hospital uses robot to treat hernia

The medical facility has treated 40 patients using a minimally invasive procedure.

Event News

Medical Fair Asia and Medical Manufacturing Asia fosters connections, collaborations in the healthcare and medical technology industry

Healthcare

The trade show, which was held in Singapore, successfully brought together over 13,000 visionary digital health innovators, government leaders, and industry pioneers from the medical and healthcare sectors.