Singapore’s MedTech startup Stratificare plans to raise $12M Pre-Series A round

The Pre-Series A funding round came after its Seed round in October last year. StratifiCare has secured close to S$1 million ($734,634) in an oversubscribed Seed round from investors including Asian Development Bank Ventures, Sprout, PatSnap CEO Jeffrey Tiong, and Carousell CEO Quek Siu Rui.

VCs scout opportunities in MedTech despite higher valuation fueled by pandemic

A growing population of more than 600 million with a combined GDP of more than $3 trillion and a rapid growth of the middle class are expected to fuel strong demand in healthcare coverage in Southeast Asia.