Indonesia healthtech Halodoc raises US$65M funding from UOB Venture
A health tech platform based in Indonesia named Halodoc has announced today that it has secured a Series B funding of US$65 million from UOB Venture Management. Joining the round is new investors like Singtel Innov8, Korea Investment Partners, and WuXi AppTec as well as existing investors.
Halodoc said it will use the funding for building its technology and health service infrastructure as well as widen their strategic partnership with multiple hospitals and healthcare providers in the country.
Halodoc was first launched in 2016 with the approach of digital-based healthcare service that enables patients to communicate directly on smartphones and desktops to 20,000 licensed doctors in the country, whenever and wherever. In addition to that, the platform also serves as at-home checkup-booking platform and medicine delivery vehicle through its application that’s connected to 1,300 pharmacies.
Halodoc claims that it has experienced user increase of 2,500 per cent in 2018.
“Within the last two years we have provided trusted healthcare service to our two million users every month, with half of the numbers are located outside the highly populated Java area. We believe this strategic funding will help us accelerate the building of a digital platform that will increase access to reliable healthcare across Indonesia,” said Jonathan Sudharta, Founder and Chief Executive Officer Halodoc.
“Halodoc’s vision to use technology to widen the reliable healthcare service and to make the optimum use of health resources in Indonesia is what got us to invest in the company,” said Kian-Wee Seah, Managing Director, and CEO UOB Venture Management.
To date, Halodoc has worked with over 1,400 hospitals and healthcare providers and said to have helped cutting waiting time in pharmacies and assisting with insurance service for hospital bills.
The company has won “Most Innovative Start-up Asia” title in health-focussed organisation Galen Growth Asia. It has strategic partnerships with the likes of Openspace Ventures, Grup Clemont, Blibli.com, and InvesIdea who’ve all invested in the company.