Duopharma Biotech Berhad has invested a total of US$500,000 into Naluri Hidup Sdn. Bhd. a local digital health services provider, via a Series A funding round to expand its smart digital integrated health applications.
Naluri had also announced the closing of its new, US$5 million (RM20.6 million) funding round today.
This follows an initial investment of US$250,000 by Duopharma Biotech via a Simple Agreement for Future Equity (“SAFE”) made in April 2020 for a personalised digital holistic healthcare application.
Additionally, Duopharma Biotech, as the returning strategic investor, together with other international and local venture capital firms will enable Naluri, which is a local pioneer in digital therapeutics, to expand operations into the region and deepens its data science capabilities.
This partnership will also enable Duopharma Biotech to deliver evidence-based therapeutic interventions using Naluri’s digital therapeutics solution, which is designed to help people manage their chronic disease risks through structured multi-disciplinary behavioural and psychological coaching programmes.
Duopharma Biotech’s Group Managing Director, Leonard Ariff Abdul Shatar commented, “The smart application of digital technologies to enhance the effectiveness of healthcare and achieve the objective of a healthier life for all is one of Duopharma Biotech’s strategic pillars. We are proud to be part of this latest milestone to empower homegrown health technologies. Indeed, the global coronavirus pandemic has compounded the vital need for concerted co-operative initiatives to promote better health for all.”
Moving ahead, Duopharma Biotech aims to accelerate the use of data science, predictive algorithms, device connectivity and disease monitoring to deliver multiple clinically significant health outcomes to help patients to get healthier. Duopharma Biotech is already developing various use cases by utilising Naluri’s proprietary technology platform.