Indonesian healthtech platform Alodokter raises US$33M in Series C funding
Indonesian healthtech startup Alodokter has closed a US$33 million Series C funding round led by Sequis Life which included the participation of Philips, Heritas Capital, Hera Capital, and Dayli Partners, among the few.
Existing investors such as Softbank Ventures Asia and Golden Gate Ventures also participated in the funding round.
“The Indonesian healthcare system has undergone significant changes in the past 10 years; it is also more open to digital innovation compared to systems in the more developed countries. Indonesia has become the leading nation in digital healthcare system adoption. This is one of the factors that has helped Alodokter to grow rapidly since its launch,” Alodokter CEO Nathanael Faibis explained.
Alodokter claimed to have secured 20 million monthly active users and has worked with 20,000 doctors and 1,000 hospitals and clinics. Some of its leading services include doctors appointment and chats, healthcare information, and health insurance management.
The fresh funding will be used to expand the company’s network with hospitals and to develop an insurance service. In 2018, Alodokter has introduced its first health insurance product Proteksi Alodokter that enables users to subscribe, pay, and process claims through Alodokter’s app.
The startup plans to build what it calls a “21st-century insurance product” that goes beyond giving financial product; it should also guide patients in their medical journey by giving the right medical solutions.
Meanwhile, for Sequis Life CEO Tatang Wijaya, Alodokter is an ideal investment due to its massive user base and strong vision and mission. This enables the startup to reach out to greater market segment in Indonesia.
“In addition to its massive user base, we are also impressed by the startup’s strong and clear vision in providing medical accuracy in every service needed by the patient. We see this as the DNA of Alodokter. Alodokter will become a foundation in Indonesian healthcare services and we are proud to become part of their journey. Together we are closer in achieving our goal in building new technology and methods as well as reaching out to untapped markets in Indonesia,” Wijaya said.