Artem Ventures is pleased to announce its recent investment in SonoBee Ultrasound, the leading sonography chain in Malaysia. This investment from TIM Ventures in partnership with FWD underscores the fund’s commitment to fostering innovation in digital health and insurance across the country.
With an excellent track record in sonography services, the Sono Group has captured approximately 20% of the market share and is now poised to revolutionize the healthcare landscape for mothers and children even further by expanding into postnatal services and baby products.
The Group’s training arm, DACAS Education, will also focus on providing technical and vocational education and training (TVET) to aspiring sonographers — in line with the government’s recent announcement to produce 100,000 TVET graduates over the next 5 years. Additionally, the Group will also aim to address the protection gap in Malaysia by working with the FWD Group to provide takaful insurance to young and growing families.
Jezzlyn Siu, Chief Executive Officer of Sono Group, said, “As part of our commitment as pioneers of the sonography industry in Malaysia, our Group has produced professional sonographers and provided essential prenatal and postnatal services to our community. We serve over 150,000 pregnant women each year, offering the best, most affordable ultrasound services and the Bebee app enhances our care by tracking baby growth and monitoring mothers’ conditions. Our vision is to ensure every mother and baby in Malaysia have access to top-tier ultrasound services and support throughout the prenatal and postnatal periods. Our mission is to combine advanced technology, comprehensive education, and compassionate care to improve health outcomes for families nationwide.”
“We are incredibly proud to support Sono Group’s visionary team as they embark on this journey of innovation and growth. With our investment, we hope to propel the accessibility of pre-natal and post-natal care for Malaysians provided by highly trained sonographers,” said Low Zhen Hui, Managing Partner of Artem Ventures.