SINGAPORE (Mar 31): Doctor Anywhere, a Singapore startup for remote medical consultations, raised US$27 million ($38.5 million) in funding as the coronavirus pandemic fuels demand for telemedicine services.

The latest investors include Square Peg, an Australian venture capital firm; EDBI, a Singapore government investment arm; and IHH Healthcare Bhd., which operates hospitals and other facilities in Southeast Asia and beyond. The fundraising brings the startup’s capital base to more than US$40 million.

Demand for online medical consultations has surged in recent months as the coronavirus overwhelms traditional hospitals and health-care facilities. In China, where the outbreak first erupted in January, more people than ever turned to online consultations and health services after hospitals struggled to cope with the initial deluge of people seeking treatment.

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