Strategic investors for the Series B+ round included the Bill & Melinda Gates Foundation, one of the world’s largest philanthropic funds, Allianz X and Prudential
Halodoc, Indonesia’s home-grown online healthcare platform, has secured additional funding from strategic investors including the Bill & Melinda Gates Foundation, Allianz X and Prudential. Allianz and Prudential provide insurance services in Indonesia and are users of Halodoc’s services. The funds will be used to further Halodoc’s commitment to simplify healthcare through technology in Indonesia.
Halodoc has raised three rounds of financing from institutional investors, with the most recent funding closed earlier this year, led by UOB Venture Management. Other investors in the financing round include Singtel Innov8, Korea Investment Partners and WuXi AppTec. Existing Investors such as Go-Ventures, BliBli, Openspace Ventures and Investidea also participated. In total Halodoc has raised close to USD100 million (around IDR1,4 Trillion).
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, increasing accessibility to easy, affordable, and reliable healthcare services. On average, Halodoc serves around 7 million patients per month throughout Indonesia with 80% 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. Halodoc aims to learn from the Bill & Melinda Gates Foundation’s long-established track record of working with partners to deliver best practice healthcare solutions and improving quality of life around the world,” said Jonathan Sudharta, CEO Halodoc.
“Knowing the difficulties of healthcare accessibility in Indonesia, Halodoc is committed to new initiatives together with our investors, to help Indonesians access health services more easily. We hope, together, we can bring high quality and affordable health services across Indonesia,” added Jonathan.
“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. “This investment highlights our commitment to transformative businesses in emerging markets and delivering affordable insurance to underserved communities. We look forward to working with Halodoc across multiple verticals, and helping strengthen their operations and network in the wider South East Asian market.”
“At Allianz, customer needs come first,” said Todd Swihart, Managing Director Allianz Health & Corporate Solutions, Allianz Life Indonesia. 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 all-round access to healthcare, we will be able to expand insurance protection for more Indonesians.”