Health tech startup Miyahealth bags S$6.5m from ST Engineering Ventures, Elev8

SINGAPORE-BASED health tech startup MiyaHealth has secured S$6.5 million in a pre-Series A funding round led by Singapore Technologies (ST) Engineering Ventures, the corporate venture capital (VC) arm of ST Engineering and Elev8, a deep-tech focused VC.

Several prominent angel investors from the private equity and healthcare industries also participated in the round, said MiyaHealth in a press statement on Tuesday (Feb 22).

"We see great synergy in coupling our digital healthcare capabilities of artificial intelligence emergency response systems, data-driven hospital operation centres and trusted data infrastructure with MiyaHealth's solutions," said Low Jin Phang, president of digital systems at ST Engineering.

Founded in 2019, MiyaHealth develops technologies to improve the healthcare experience for patients.

The company offers 3 product suites. These are MiyaPayor, a platform that allows users to access affordable healthcare options, MiyaPatient, a personalised platform for patients to manage chronic illness and MiyaProvider, which hopes to help patients improve their experience in hospitals and clinics.

With the fresh funds, MiyaHealth plans to expand its operations by introducing MiyaPayor to Indonesia, deploying MiyaPatient to Europe and launching MiyaProvider across Malaysia in the second quarter of 2022.

The health tech company has partnered with over 3,000 medical providers and 12,000 physicians, including a partnership with an Indonesian hospital group, it said.

The latest funding round brings the total capital raised by MiyaHealth to over S$9 million.