Hotline: 1800 102 2007
Hotline: 1800 102 2007
Jun, 10 2019

Biofourmis Singapore raises $35 million in Series B funding round

The fresh capital will be used by Biofourmis to expand its reach in the US and Asian markets.

Biofourmis Singapore raises $35 million in Series B funding round

Health-tech startup Biofourmis Singapore Pte Ltd has raised $35 million in Series B funding round from Venture capital firm Sequoia Capital India and the United States-based MassMutual Ventures.

The round has also seen participation from Singapore governmental agency Economic Development Board, Openspace Ventures and Aviva Ventures.

The fresh capital will be used by Biofourmis to expand its reach in the US and Asian markets as well as increase the strength of various teams that are core to its operations. With this investment, the company will further expand its Boston offices and move its headquarters there from Singapore.

Kuldeep Singh Rajput, Co-Founder and Chief Executive, Biofourmis, said, “The investment would also help in demonstrating the viability of the therapeutics platform. Our core focus has always been to optimise therapies to boost patient care and health outcomes.”

Anjana Sasidharan, Principal of Sequoia Capital India, stated, “The venture capital firm was confident about Biofourmis’ product offerings. They have already aligned with credible, high-quality institutional partners to successfully transition digital therapeutics from concept to reality.”

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Fashion Accessories - Women
    About Us: Triumph has been crafting lingerie for over 130 years,..
    Locations looking for expansion Maharashtra
    Establishment year 1986
    Franchising Launch Date 2019
    Investment size Rs. 50lac - 1 Cr.
    Space required 700
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Car Wash / Ceramic Coating / Detailing
    About Us: TuffEnough has been in the market with a vision..
    Locations looking for expansion Madhya pradesh
    Establishment year 2019
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Indore Madhya pradesh
  • Financial Investment & Trading
    Note:- Investors whose investment capacity is less than 10 lac..
    Locations looking for expansion Haryana
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater GURGAON Haryana
  • Others Financial
    Founded by Panaesha Capital Traders, PCEX Member has emerged as..
    Locations looking for expansion Haryana
    Establishment year 2018
    Franchising Launch Date 2018
    Investment size Rs. 2lac - 5lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Gurgaon Haryana
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities