Alodokter, a Jakarta-based digital health platform that provides end-to-end digital solutions for patients and doctors, has announced that it has secured an undisclosed amount of funding from MDI Ventures and Samsung Ventures Investment Corporation. The company plans to use the investment to work on new products for its platform and to continue expanding the digital healthcare system.
“The investment from MDI Ventures and Samsung Ventures will be directed to further improve Alodokter’s ecosystem … Key focus areas going forward include technology innovation, increasing the talent pool, and adding new features and functionalities. The expansion we carried out is always focused on providing fast, accurate, and reliable consumer experience on the Alodokter platform. By integrating our ecosystem with additional state-owned enterprises, we expect to provide tech-enabled healthcare access to more Indonesian patients,” said Nathanael Faibis, Founder and Chief Executive Officer of Alodokter.
Since its founding in 2014 Alodokter has grown and found itself as one of the country’s leading digital health platforms. The company offers services such as telemedicine, doctor booking, medical content, e-pharmacy, and health insurance. To date, the company has claimed that it has over 30 million monthly active users and over 43,000 partner doctors on its platform.
This new fund follows Alodokter’s Series C+ round in November 2020 led by MDI Ventures. The amount of the fund was undisclosed. The company raised its initial Series C at $33 million in 2019 led by Sequis, with participation from firms such as SoftBank Ventures Asia, and Golden Gate Ventures. The company has so far raised a total of $45.1 million in declared funds.
MDI Ventures CEO Donald Wihardja shares his thoughts on Alodokter and MDI’s confidence as the firm continues to back the company: “Alodokter has a proven track record of growing their comprehensive healthcare solution. All the innovations, from telemedicine to insurance, have been developed to cater to Indonesia’s needs for accessible and affordable healthcare services. The funding from MDI will further extend the growth of health services through the potential collaboration with several BUMN entities in Indonesia.”
Investor confidence in HealthTech startups has been increasing as the pandemic has accelerated the digitalization in the healthcare industry. Countries all over the world have had to migrate part of their usual healthcare services to the digital platform to avoid the spread of COVID-19.
“The pandemic has boosted the acceptance of telemedicine services for both patients and healthcare providers,” said Suci Arumsar, Co-Founder, President, and Director at Alodokter. “We believe that enabling better healthcare through technology has become more critical than ever. Alodokter stays true to its original mission of democratizing healthcare access for Indonesian families, hence we are grateful to have strong support from investors like MDI Ventures and Samsung Ventures in the current fast-growing phase of Alodokter.”
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