Bill & Melinda Gates Foundation invests in Indonesian healthtech startup Halodoc
Halodoc, an online healthcare platform in Indonesia, has secured an undisclosed amount in Series B-plus funding from strategic investors, including Bill & Melinda Gates Foundation, Prudential Life Insurance, and Allianz X, the investment unit of the leading insurance and asset management firm Allianz Group.
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.
Todd Swihart, Managing Director Allianz Health & Corporate Solutions, Allianz Life Indonesia, said: “Through this strategic partnership with Halodoc, we will strengthen our 24×7 Digital Healthcare services and expand our Health Ecosystem that complements our range of health services and healthcare provider network. By providing our customers access to healthcare, anytime and anywhere, we will be able to expand insurance protection for more Indonesians.”