Singapore-based Riverr has completed a US$1 million seed funding round to support the further development of its verification platform for seafarer vaccination and medical data.
The funding round was led by KSL Maritime Ventures, the venture arm of Kuok (Singapore) Limited, which is also the parent company of ship operator PCL and marine service businesses POSH and Pax Ocean.
Enterprise Singapore’s SEEDS Capital also participated in the round, as part of a S$50 million co-investment scheme for maritime start-ups supported by the Maritime and Port Authority of Singapore (MPA).
The fresh capital will enable Riverr to accelerate its go-to-market roadmap with healthcare providers across Singapore, Philippines, India and Indonesia as it introduces its platform to sectors, like maritime, with a high frequency of cross border people movements.
“Keeping economies going amid COVID-19 depends on health data verification tools that respond to the complex and industry-specific challenges to do with people movements,” said Kristina Lynge, CEO and co-founder of Riverr.
“Managing the health records of seafarers in the maritime industry – which involves data, medical and efficiency risks – is a very real example of this and the calibre of Riverr’s strategic investors reaffirms our industry fit as we expand into a sector that’s critical to keep the world going.”
Riverr is a digital platform of tools launched in 2020 that includes support for patient booking, health record and payment gateways, which can be white-labelled and embedded into existing systems.
Every touchpoint along a patient’s health and vaccination journey – from medical providers to testing labs and national health organisations – can be verified on request via a mobile app or web interface without the enquiring party ever needing to hold or store the data themselves.
Currently, health clinics and labs across Southeast Asia including Acumen Diagnostics, Eurofins Clinical Diagnostics, Healthway Medical Group, Minmed Group and MiRXES are using the online trust management platform.
“We are extremely excited that local tech start-up Riverr has succeeded in raising seed funds to expand its solution that addresses data verification and privacy challenges, with the maritime sector being a strategic focus area,” said Kenneth Lim, Assistant Chief Executive, MPA.
“Riverr’s fresh funding and expertise will augment their efforts in accelerating digitalisation for the maritime industry and further strengthen Singapore’s position as a global leading maritime technology hub.”