26-5-2023 (SINGAPORE) Generation Prime, a Singapore-headquartered firm specializing in fertility health services, has recently launched its first clinics in Bangkok and Kuala Lumpur. With plans to establish a total of 15 clinics across Thailand, Malaysia, and Singapore within the next three years, the company aims to address the growing demand for fertility solutions in the region.
Having received a substantial US$3 million incubation investment last year, Generation Prime’s valuation has soared to an impressive US$12.5 million. The funding round was led by Recharge Capital, with notable participation from Thiel Capital, Blue Lion Global, and Disney’s investment arm, Shamrock Holdings, among others.
The range of in-vitro fertilization (IVF) services offered by Generation Prime includes fertility preservation, assisted conception, advanced fertility tests, surrogacy, and preimplantation genetic testing. By providing these comprehensive services, the company aims to cater to the specific needs of Southeast Asian consumers at affordable prices.
“Fertility is one of the most pressing issues facing our society; however, the sector has been largely overlooked,” commented Lorin Gu, the founder of Recharge Capital, in a press statement last year. With Generation Prime’s expansion, there is renewed hope for individuals and couples seeking accessible and effective fertility solutions in the region.
In addition to serving local patients, Generation Prime recognizes the potential for medical tourism in Southeast Asia. With their competitive pricing, the company aims to attract international patients who can benefit from their high-quality services and lower costs compared to other regions.
