Healthcare SaaS firm THB raises $20M in funding round, plans global expansion

• ByStartupStory     |    May 5, 2023

THB, a leading Enterprise Healthcare SAAS company in Asia, has announced a successful growth equity round of $20 million. The round was led by Filter Capital and Edelweiss Discovery Fund Series – I, with participation from Cornerstone Venture Partners Fund (CSVP) and Healthquad, among others.

The funds raised will be used to expand THB’s operations globally and accelerate growth in existing countries across South Asia, the Middle East, and Southeast Asia. This funding will also enable THB to expand its product portfolio and invest in growing its global presence.

THB’s data management platform and suite of software solutions serve large healthcare enterprises, including hospitals, pharmaceutical companies, diagnostic labs, primary care, consumer health, payors, and med-tech companies. They currently operate in emerging Asian markets, including India, Bangladesh, Sri Lanka, UAE, KSA, Indonesia, Singapore, and Malaysia.

Akansh Khurana, MD & Group CEO of THB, commented on the announcement, saying, “Healthcare Big Data Technology presents an enormous opportunity for growth in this decade. THB aims to provide its customers with a comprehensive suite of data use-cases, enabling them to fully leverage their healthcare datasets and achieve tangible growth. We are excited about partnering with the new investors and leveraging their expertise in technology and enterprise SaaS to further expand THB into a truly global organization.”

THB’s team of over 300 software and data engineers, doctors, consultants, and analysts provide deep clinical insight and are committed to delivering measurable outcomes to its enterprise customers. With this latest funding, THB is well-positioned to continue driving digital, data, and technology adoption in the healthcare industry and expand its global presence.

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