HealthHero Funding, Investors & Competitors

HealthHero has raised $152M across 3 funding rounds, most recently a $83M Series B in July 2021.

Last HealthHero funding round

$83M

Series B · Jul 2021

Cumulative funding HealthHero raised

$152M

across 3 funding rounds

Key investors in HealthHero

  • KSV Global

HealthHero Overview

About HealthHero

HealthHero is a Singapore-headquartered telehealth provider that delivers unlimited primary care consultations via video, phone, and in-app messaging around the clock. The platform supports general medicine, chronic condition management including diabetes and hypertension, dermatology, mental health counseling, and women's health services. HealthHero integrates with major insurers such as NTUC Income, Prudential, and HSBC Life for seamless claims processing. Launched in 2019, the company serves over 200,000 members primarily in Singapore and has introduced specialist teleconsults with doctors from Mount Elizabeth Hospital and Thomson Medical Centre. HealthHero also facilitates prescription delivery through partnerships with Guardian and Unity pharmacies.


Founded

2019

HQ

United KingdomLondon

Status

Privately held

Customer focus

B2C

Revenue model

Subscription

HealthHero Funding History

HealthHero has raised a total of $152M across 3 funding rounds.

HealthHero's first fundraising round was a $20M seed round in December 2019. The most recent completed round was a $83M Series B in July 2021.

HealthHero funding rounds

HealthHero funding rounds
DateStageInvestorsRaisedDeal Summary
Jul 2021Series BKSV Global$83M-
Dec 2020Series A-$49MHealthHero is a London-based digital healthcare platform providing telehealth services across the UK, Ireland, and Germany. The company merges separate medical disciplines including GP, mental health, and musculoskeletal consultations through a holistic approach to healthcare. In December 2020, HealthHero announced it had acquired online consultation provider Doctorlink and confirmed ten times revenue growth during 2020, positioning itself as one of Europe's largest telehealth companies serving more than 20 million people across over 1,000 businesses and NHS partnerships. The company's latest disclosed funding activity is a Growth Equity round of $15M on December 8, 2023, led by Claret Capital Partners.
Dec 2019Seed-$20MA UK-based entity named HealthHero published a Quality Account for 2019-2020 detailing operational metrics like 107,000 consultations and hospital admission preventions.

Who has invested in HealthHero?

1 investor has backed HealthHero across its funding rounds, including KSV Global.


HealthHero Investors

Investors in HealthHero by funding rounds participated
InvestorHQRoundsRoleFirst check

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Acquisitions by HealthHero

HealthHero has acquired 3 companies to date.

Last acquisition by HealthHero was on April 12th 2021. HealthHero acquired Qare for undisclosed valuation.


Latest Acquisitions by HealthHero

Qare
MyClinic
DoctorLink
Description
Qare is a Paris-based telehealth platform in France offering video consultations with physicians registered with the Conseil de l'Ordre des Médecins. Doctors receive ongoing teleconsultation training covering general medicine, pediatrics, and gynecology. Qare serves patients nationwide via its app compliant with French healthcare regulations.
-
DoctorLink is a UK digital health service integrating a clinically certified symptom assessment tool with GP practice IT systems. Patients receive personalized advice, book NHS appointments, and manage repeat prescriptions or referrals to physiotherapy. Launched in 2017, it reduces GP demand while empowering practices with demand management data and patient triage.
HQ CountryFranceIrelandUnited Kingdom
HQ City
Paris
-
London
Deal Date12 Apr 202112 Jan 20213 Dec 2020
Valuationundisclosedundisclosedundisclosed
EV/Revenue
EV/EBITDA

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HealthHero Competitors

HealthHero competitors include listed companies like Max Healthcare Institute and Oscar Health, and private ones like Devoted Health, Ping An Good Doctor, Ro and WeDoctor.

Public and private companies comparable to HealthHero
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Devoted HealthUnited StatesBoston, MAPrivate$3.3B-$13B4.0x
Max Healthcare InstituteIndiaIndiaPublicly listed$858M$232M$10B10.2x
Oscar HealthUnited StatesUnited StatesPublicly listed$12B($391M)$9.9B0.4x
Ping An Good DoctorChinaShenzhenPrivate$271M-$8.8B32.5x
RoUnited StatesNew York City, NYPrivate$598M-$7B11.7x
WeDoctorChinaHangzhouPrivate$139M-$7B50.4x

HealthHero Public Comps

HealthHero is still privately-owned, but its public comps include Max Healthcare Institute, Oscar Health, Hims, Ping An Healthcare, JMDC, GoodRx, Teladoc, Talkspace, Guiyang Longmaster and Medley Inc..

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Max Healthcare Institute$858M$232M12.6x10.2x46.5x36.8x
Oscar Health$12B($391M)0.5x0.4x(15.9x)12.8x
Hims$2.3B$178M3.1x2.4x40.4x23.9x
Ping An Healthcare$815M$52M0.9x0.9x13.4x16.9x
JMDC$324M$88M5.0x4.6x18.4x17.9x
GoodRx$797M$173M1.8x1.8x8.1x5.5x
Teladoc$2.5B$124M0.6x0.6x11.3x5.0x
Talkspace$229M$6M3.4x3.4x129.3x49.4x

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Common questions about HealthHero

When was HealthHero founded?HealthHero was founded in 2019.
Where is HealthHero headquartered?HealthHero is headquartered in London, United Kingdom.
Is HealthHero publicly listed?No, HealthHero is a private, VC-backed company.
How much funding has HealthHero raised?HealthHero has raised $152M across 3 funding rounds.
What was HealthHero's last funding round?HealthHero's last funding round was a $83M Series B in July 2021.
Who are HealthHero's investors?HealthHero's investors include KSV Global.
Which companies are comparable to HealthHero?Companies comparable to HealthHero include Devoted Health, Max Healthcare Institute, Oscar Health, Ping An Good Doctor, Ro and WeDoctor.
How many companies has HealthHero acquired?HealthHero has acquired 3 companies, including Qare, MyClinic and DoctorLink.

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