Aevice Health bags US$7m in seed round led by Coronet Ventures

The company will use the funds to advance its operations in key markets.

Singapore-based Aevice Health bagged US$7m ($9.3m) in a seed funding round led by Coronet Ventures.

East Ventures, A&D Company, Limited, NTUitive, Farquhar Venture Capital, SEEDS Capital, and existing investor Silicon Solution Venture joined the funding round.

The provider of remote monitoring solutions for chronic respiratory disease management said it will use the funds raised to advance its operations in key markets, including the US, Japan, and Singapore.

It also plans to enhance product development.

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