Allianz invests in online healthcare platform Halodoc
· Investors in the Series B+ round include Allianz X and the Bill & Melinda Gates Foundation
· Online platform provides access to doctors, pharmacy delivery and home lab services in 50 Indonesian cities, including to customers of Allianz Life Indonesia
Munich / Jakarta, 25 July 2019 – Allianz X, the digital investment unit of the Allianz Group, announced today an investment in Halodoc, an Indonesian online healthcare platform. The funds will be used to expand Halodoc’s healthcare services and their availability in Indonesia. Halodoc has raised three rounds of financing from institutional investors totaling close to USD 100 million (around IDR 1,4 Trillion).
Awarded Asia Pacific’s Most Innovative Healthcare Start up at the Galen Growth Awards in 2018, Halodoc currently serves an average of around 7 million patients per month throughout Indonesia, with 80% of patients residing outside the main cities of Jakarta and Surabaya.
“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 Gojek,” said 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 access to healthcare, anytime and anywhere, we will be able to expand insurance protection for more Indonesians.”
“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 improve quality of life around the world,” said Jonathan Sudharta, CEO of Halodoc.