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- HealthHero
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
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
Website
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
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Jul 2021 | Series B | KSV Global | $83M | - |
| Dec 2020 | Series A | - | $49M | HealthHero 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 2019 | Seed | - | $20M | A 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
This data is available for Pro users. Sign up to see all 1 HealthHero investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions 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
| 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 Country | |||
| HQ City | Paris | - | London |
| Deal Date | 12 Apr 2021 | 12 Jan 2021 | 3 Dec 2020 |
| Valuation | undisclosed | undisclosed | undisclosed |
| EV/Revenue | |||
| EV/EBITDA | |||
This data is available for Pro users. Sign up to see all HealthHero acquisitions and their M&A valuation multiples. Start Free Trial | |||
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.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $3.3B | - | $13B | 4.0x | ||
| Publicly listed | $858M | $232M | $10B | 10.2x | ||
| Publicly listed | $12B | ($391M) | $9.9B | 0.4x | ||
| Private | $271M | - | $8.8B | 32.5x | ||
| Private | $598M | - | $7B | 11.7x | ||
| Private | $139M | - | $7B | 50.4x |
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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $858M | $232M | 12.6x | 10.2x | 46.5x | 36.8x | |||
| $12B | ($391M) | 0.5x | 0.4x | (15.9x) | 12.8x | |||
| $2.3B | $178M | 3.1x | 2.4x | 40.4x | 23.9x | |||
| $815M | $52M | 0.9x | 0.9x | 13.4x | 16.9x | |||
| $324M | $88M | 5.0x | 4.6x | 18.4x | 17.9x | |||
| $797M | $173M | 1.8x | 1.8x | 8.1x | 5.5x | |||
| $2.5B | $124M | 0.6x | 0.6x | 11.3x | 5.0x | |||
| $229M | $6M | 3.4x | 3.4x | 129.3x | 49.4x | |||
This data is available for Pro users. Sign up to see all HealthHero competitors and their valuation data. Start Free Trial | ||||||||
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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