SaaS based Firm THB Secures 20 M Plans To Expand
Summary
Cornerstone Venture Partners Fund (CSVP) and Healthquad, among others, also participated in the round for THB (Technology l Healthcare l Big Data Analytics)THB (Technology l Healthcare l Big Data Analytics), enterprise healthcare SaaS company on Friday raised USD 20 million funding in a growth equity round led by Filter Capital and Edelweiss Discovery Fund Series - I.Cornerstone Venture Partners Fund (CSVP) and Healthquad, among others, also participated in the round.THB will use the funds in expanding its operations globally and accelerating growth in existing countries across South Asia, Middle East and South East Asia. With this funding, THB is well-positioned to expand its product portfolio and invest in growing global presence.Investec Capital and Antares Legal were the advisors to the transaction.THB currently serves wide spectrum of customers in the healthcare industry, including hospitals, pharmaceutical companies, diagnostic labs, primary care, consumer health, payors, and med-tech companies across markets in emerging Asia including India, Bangladesh, Srilanka, UAE, KSA, Indonesia, Singapore, and Malaysia.Akansh Khurana, MD & Group CEO of THB said, 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. We are excited about partnering with the new investors and leveraging their expertise in technology and enterprise SaaS to further expand THB into a truly global organization.