Naluri Pte Ltd, the Singapore-based digital employee health and wellbeing provider, announced Tuesday the successful completion of a $5 million Series-B equity fundraising round.

This latest round was led by TELUS Global Ventures – through the Pollinator Fund for Good – the strategic impact investment arm of world-leading communications technology company, TELUS, alongside existing investors Sumitomo Corporation Equity Asia, M Venture Partners, and others, Naluri said in a statement.

This new injection of capital caps a total of $14 million Series B funds raised including earlier tranches.

The funds will be used for working capital to reach profitability within a year, and further expansion into Asian markets, starting with the Philippines and Vietnam.

“We are deeply honoured to have won the trust of our investors to scale this business model and reach the 1 million lives covered milestone,” said Azran Osman-Rani, Naluri’s Group Chief Executive Officer and Co-Founder.

“I’m extremely proud of my team who stood together through the macroeconomic storms of the past couple of years, batten down the hatches to deliver consistent positive unit economics in this period,

“We’ve emerged stronger and battle-hardened, ready for smarter market expansion,” he added.

Naluri said the firm has established a clear leadership position in the employee wellbeing markets in Indonesia and Malaysia, serving enterprise clients in banking and insurance, energy and mining, telecommunications and technology, transport and logistics, professional services and business process outsourcing (BPO) industries.

It expanded its presence to Singapore and Thailand and secured a number of Pan-Asian and global clients with its unique programs that combine mental health, preventive behavioral health and chronic disease management, with health screenings and assessments, health promotion and engagement programs, multidisciplinary health coaching and consultation services, and 24/7 crisis support lines.

“Our investment in Naluri allows us to expand our footprint in Southeast Asia while also demonstrating TELUS’ strategic commitment to leading the evolution of workplace mental health solutions globally,

“Naluri’s comprehensive approach to employee wellbeing, combined with their innovative programs that integrate mental health, preventive behavioral health, and chronic disease management, positions them perfectly to address the growing demand for holistic health solutions in the workplace across Southeast Asian markets,” said Terry Doyle, Managing Partner at TELUS Global Ventures.

Concurrent to this investment, TELUS Health has signed a commercial partnership agreement with Naluri to serve their Employee Assistance Program clients across eight markets in the region.

This strategic investment marks a deepening of TELUS’ commitment to advancing digital health innovation globally through both commercial scale and impact-driven capital.

The investment from TELUS Global Ventures, through the Pollinator Fund for Good, demonstrates commercial success and measurable impact can go hand in hand.

Naluri’s continued success in securing funding underscores the growing recognition of the importance and effectiveness of digital health solutions in addressing today’s healthcare challenges in Southeast Asia, to control the spiraling medical cost inflation and productivity and performance improvement priorities that put employee wellbeing at the center of many companies’ growth strategies, said the statement.

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