Malaysia-based digital health firm Naluri has closed a $5 million Series B equity round, led by TELUS Global Ventures via its Pollinator Fund for Good, with participation from existing backers Sumitomo Corporation Equity Asia, M Venture Partners, and others, according to the company’s statement on Tuesday.
The latest funding brings the total Series B funds raised to $14 million since the first tranche in 2022. The new capital will be used to meet working capital needs as the company aims to reach profitability within a year, and to finance further regional growth, 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 CEO and Co-Founder, in a statement.
“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 continued.
Founded in 2017, Naluri has built a strong position in Indonesia and Malaysia, working with enterprise clients across sectors such as banking, insurance, energy, telecommunications, logistics, professional services, and BPO.
It solutions combine technology, human professional coaching, and clinical expertise to deliver personalised and effective health programmes.
Naluri empowers individuals to improve their mental health, manage chronic conditions, and enhance overall well-being, while providing analytical solutions for employers and insurers to quantify the value of health improvements with its proprietary mental health dataset and health economic models.
It has also entered Singapore and Thailand, winning pan-Asian and global contracts with its integrated offering that blends mental health, preventive behavioural healthcare, chronic disease management, health screenings, coaching, and 24/7 crisis 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,” said Terry Doyle, TELUS Global Ventures’ Managing Partner.
In addition to this investment, TELUS Health has signed a commercial partnership agreement with Naluri to serve its Employee Assistance Programme clients across eight markets in the region.
Rani concluded that the funding proves the importance and effectiveness of digital health solutions in helping employers manage healthcare costs while improving productivity and performance by putting employee wellbeing at the centre of corporate growth strategies.
