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Singapore’s Insignia Ventures Intensifies Push Into Healthtech

  • Pandemic has fueled demand for health-care tech, services
  • Insignia’s Tan sees growth momentum for sector’s startups
Yinglan Tan, fourth from right, with his team in Singapore.
Yinglan Tan, fourth from right, with his team in Singapore.

Source: Jacky Ng/Bloomberg

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Insignia Ventures Partners is doubling down on health-care technology startups as the pandemic has boosted demand on everything from personalized test kits to mental wellness services.

“Five years ago, investors hardly even looked at healthtech in Southeast Asia,” Yinglan Tan, founding managing partner of Insignia, said in an interview at the Bloomberg New Economy Forum in Singapore on Friday. “In these past two years, thanks to greater awareness of health-care issues, rising health-care spending, and greater trust in digital solutions, the inertia has made way for the momentum of healthtech startups to grow.”