THB has secured $20 million in a growth equity round led by Filter Capital and Edelweiss Discovery Fund Series – I.
THB, operated by Sekhmet Technologies, had in 2021 raised $3.11 million from mid-market private equity firm SeaLink Capital Partners and existing investors Healthquad and Blume Ventures. It also raised capital in 2019 from Belgium-based Kois Invest and Tokyo-headquartered management consulting firm Dream Incubator as well as existing investors Blume Ventures and Healthquad.
The company, formerly known as The Healthy Billion, underwent a rebranding process in April 2016 to become THB, which it says is an acronym for technology, healthcare, and big data analytics. This change was prompted by a legal dispute with another organization regarding the use of the company’s original name.
The company serves hospitals, drugmakers, diagnostic labs, consumer health firms, payors, and medtech companies across emerging Asia, including India, Bangladesh, Sri Lanka, the UAE, Saudi Arabia, Indonesia, Singapore, and Malaysia. It claims that its data management platform and a suite of software solutions cover more than 20 use cases, including patient engagement, doctor engagement, clinical customer relationship management, analytics automation, customer care automation, and real-world evidence.