Key Takeaways
- Naluri raised $5 million in a Series-B funding round, led by TELUS Global Ventures.
- The funds will aid expansion into the Philippines and Vietnam, aiming for profitability within a year.
- Naluri offers diverse employee wellness services across Southeast Asia, including mental health support and chronic disease management.
Funding and Expansion Plans
Naluri, a leading digital health and wellbeing provider based in Singapore, has successfully secured $5 million in a Series-B equity fundraising round. This round was primarily led by TELUS Global Ventures through the Pollinator Fund for Good, along with existing investors such as Sumitomo Corporation Equity Asia and M Venture Partners. With this new infusion, Naluri has raised a total of $14 million in Series-B funding.
The primary objective for the use of these funds is to enhance working capital to achieve profitability within the next year. Furthermore, the capital is earmarked for Naluri’s expansion into Asian markets, particularly targeting the Philippines and Vietnam.
Established Leadership and Diverse Offerings
Naluri has carved out a significant niche in the employee wellbeing market, particularly in Indonesia and Malaysia. The company has been providing services to enterprise clients across various sectors, including banking, insurance, energy, telecommunications, and logistics. It has also expanded its reach to Singapore and Thailand, catering to numerous Pan-Asian and global clientele.
Naluri offers a comprehensive suite of programs that focus on mental health and preventive care. Their services include health screenings and assessments, health promotion initiatives, multidisciplinary health coaching, and a 24/7 crisis support line. This unique combination allows Naluri to address a wide array of health needs, thereby enhancing employee wellbeing in the workplace.
Strategic Partnership
In conjunction with this funding announcement, TELUS Health has formalized a commercial partnership with Naluri. This agreement enables TELUS to provide its Employee Assistance Programme clients across eight markets in the region with Naluri’s services. The investment not only signifies TELUS’ commitment to bolstering digital health innovation around the globe, but it also exemplifies the idea that commercial success can effectively align with measurable societal impacts.
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