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Our Southeast Asia team have advised Singapore based healthtech company, Lifetrack Medical Systems on its US$5.2million series A round led by UOB Ventures Management and global health technology leader, Phillips.
Lifetrack focuses on improving access to medical imaging services in emerging markets. Its award-winning LifeSys™ platform enables rapid transmission and aggregation of medical images from multiple sites including remote rural areas. This access to diagnostic imaging in less developed countries is usually constrained by the requirement for high speed bandwidth and expensive server hardware.
The company estimates that over 780,000 patients have had their medical images diagnosed via the LifeSys™ platform to date in 10 countries across ASEAN, North America, Europe, and Africa. The investment will enable the company to scale its international growth further as it develops its technology and partnerships with large enterprise healthcare providers.
The round was supported by leading Philippines based VC, Kickstart Ventures.