Healthcare SaaS company THB raises $20 million to expand global operations

• The funding round was led by Filter Capital and Edelweiss Discovery Fund Series-1.
  
• Cornerstone Venture Partners Fund (CSVP) and Healthquad also participated in the round, along with others.
  
• THB said that with this funding, it’s well-positioned to expand its product portfolio and invest in growing its global presence.
  

Enterprise healthcare SaaS company THB (Technology l Healthcare l Big Data Analytics) said on Friday that it has raised $20 million in a growth equity round. The funding round was led by Filter Capital and Edelweiss Discovery Fund Series - 1.

Cornerstone Venture Partners Fund (CSVP) and Healthquad also participated in the round, along with others.

“THB is a clear market leader in healthcare SaaS in India and Asia. Its proprietary data platform and software modules enable healthcare enterprises to deliver personalised care to their customers – delivering direct top-line impact. In our experience of working with enterprise SaaS companies, THB has all the right ingredients for achieving exponential global scale from hereon, and we are equally excited to traverse this journey with the team,” said Abhishek Prasad, managing partner, CSVP Fund.

THB will use the funds to expand its operations globally and accelerate growth in countries in which it’s already present across South Asia, the Middle East and Southeast Asia.

THB’s customers include hospitals, pharmaceutical companies, diagnostic labs, primary care, consumer health, payors, and med-tech companies across India, Bangladesh, Sri Lanka, UAE, Saudi Arabia, Indonesia, Singapore and Malaysia.

“We are excited to partner with THB. The company is playing a vital role in helping healthcare providers, pharma companies, and other healthcare segments to unlock the full potential of data. THB's suite of solutions empowers healthcare enterprises to efficiently grow and deliver effective customer experiences,” said Ashish Agarwal, managing partner - private equity, Edelweiss Asset Management.

With this funding, THB is well-positioned to expand its product portfolio and invest in growing its global presence, the company said in a press release.

“Healthcare Big Data Technology presents an enormous opportunity for growth in this decade. THB aims to provide its customers with a comprehensive suite of data use-cases, enabling them to fully leverage their healthcare datasets and achieve tangible growth,” said Akansh Khurana, managing director and group chief executive officer of THB.