Singapore-based digital health data startup Vault Dragon today announced that it has raised S$1.64 million (US$1.16 million) pre-Series A funding co-led by Golden Equator Capital and Raging Bull. According to a press statement by the company, the new funding brings the total raised by Vault Dragon to more than S$3 million (US$2.13 million). Other names that have invested in the startups including Jungle Ventures, 500 Startups, Golden Gate Ventures, JFDI and undisclosed angel investors. Vault Dragon helps healthcare services to transition from hardcopy medical records by digitising and integrating records with Electronic Medical Record (EMR) software. It aims to help medical clinics to achieve compliance with Singapore government regulations that require healthcare providers to keep medical records for at least six years with ease and affordability. Medical records processed through Vault Dragon's document imaging process has also been certified Singapore Evidence Act, meaning that the documents are presumed authentic, accurate and reliable, and are admissible in Singapore's courts as primary evidence. Vault Dragon also provide a practice management software to help clinics manage their day-to-day processes, and is supplemented by a tablet-based annotation system that allows doctors to create and manage digital medical records. Also Read: M-health is still not enough to fix China's healthcare problems The startup graduated from the JFDI.Asia accelerator programme as a valet storage company in late 2013, though it later pivoted into becoming an end-to-end electronic medical record (EMR) solution vendor. "We backed Vault Dragon because it has so thoroughly addressed the complications that come with adopting digital systems in a clever way that means little or no change to the established workflow in clinics. Ching and his team stood out because they have clear vision on two complementary scales," said Raging Bull Founder and Chairman Ivan Lee.
Vault Dragon gets US$1.16M pre-Series A to bring your medical records to the digital era
Co-led by Golden Equator Capital and Raging Bull, with this round Vault Dragon has raised more than US$2.13 million in total