WhiteCoat sets sights on regional health passport; seeks fresh US$25 million in funding

DIGITAL health provider WhiteCoat Holdings is preparing to raise US$25 million in Series B funding to finance its regional expansion in Indonesia, Vietnam and Malaysia, taking a leaf from its success in Singapore.

The company yesterday marked the official opening of its regional corporate headquarters at One-North in Singapore, where it has taken up 8,000 square feet of space. The homegrown business will mark yet another milestone this year when it expects to turn profitable, after a trebling of revenues to over S$10 million in 2022.

Bryan Koh, WhiteCoat Holdings founder and chief executive, said the company has seen 12 successive quarters of growth in revenues. This year, the company aims to double revenues from 2022 “with higher contributions from the new regional markets”.