Bill & Melinda Gates Foundation invests in Indonesian healthtech startup Halodoc

This comes less than five months after the company secured US$65 million in Series B led by UOB Venture Management in March 2019. Singtel Innov8, Korea Investment Partners and WuXi AppTec, in addition to existing Investors such as Go-Ventures, BliBli, Openspace Ventures and Investidea, had also participated in that round.

The fresh vestment brings Halodoc’s total funding raised so far to US$100 million.

Halodoc operates a mobile platform for patients to access doctors any time of the day and pharmacy delivery across 50 cities, as well as home lab services. Halodoc claims on an average it serves around 7 million patients per month throughout Indonesia with 80 per cent of patients residing outside the main cities of Jakarta and Surabaya.

“As an online healthcare application with a mission to simplify healthcare, these strategic partnerships will help improve the quality and number of healthcare options available to Indonesians living outside major cities particularly outside of Java where healthcare infrastructure is less established,” said Jonathan Sudharta, CEO Halodoc

“Halodoc is successfully driving the digital transformation of the Indonesian healthcare industry through its holistic approach to the patient journey and strong strategic partners like Allianz and GO-Jek,” added Carsten Middendorf, Investment Director at Allianz X.