Healthcare SaaS Firm THB Raises $20 Million In Funding
THB (Technology l Healthcare l Big Data Analytics), an enterprise healthcare SaaS firm, has raised $20 million in funding in a growth equity round led by Filter Capital and Edelweiss Discovery Fund Series I. The funding round also saw participation from Cornerstone Venture Partners Fund (CSVP) and Healthquad, among others.
As per the startup, the freshly raised funds will be used to expand its operations globally and accelerate growth in existing countries across South Asia, the Middle East and South East Asia.
THB | Healthcare Data-Technology and Data-Analytics Platform
THB is an integrated healthcare data technology and data analytics platform delivering potential data value to healthcare enterprises. It offers breakthrough clinical data intelligence offerings empowering healthcare organizations to harness full potential value from clinical datasets.
THB platform processes over 500 mn clinical parameters across 100+ cities, delivering value for providers, pharma, and researchers across 20+ specialities.
Speaking about the development, Akansh Khurana, MD and Group CEO of THB, said,
“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.”
The firm serves large healthcare enterprises to drive digital, data, and technology adoption with its data management platform and a suite of software solutions across more than 20 use cases. These use cases include patient engagement, clinical customer relationship management, analytics automation, doctor engagement, customer care automation, and real-world evidence.
Currently, the enterprise healthcare SaaS firm serves a wide spectrum of customers in the healthcare industry, including hospitals, pharmaceutical companies, diagnostic labs, primary care, consumer health, payors, and med-tech companies across markets in emerging Asia, including India, UAE, KSA, Indonesia, Bangladesh, Srilanka, Singapore, and Malaysia.
With this funding round, the enterprise healthcare SaaS firm is well-positioned to expand its product portfolio and invest in a growing global presence. The firm has more than 300 software and data engineers, doctors, consultants, and analysts, providing deep clinical insight. THB currently serves over 150 healthcare enterprises across more than 10 countries.
Recently, EV SaaS startup Kazam raised about $3.6 million in a fresh funding round led by Avaana Capital Fund.
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