Indonesian healthcare startup Prixa has raised $3 million in an investment round led by MDI Ventures and Telkom Indonesia’s Trans-Pacific Technology Fund and joined by listed Siloam Hospitals Group.
WHY IS IT IMPORTANT
The new funds will be used to scale its platform and user base while supporting its existing B2B customers and improving access to healthcare and digital healthcare transformation in Indonesia.
Founded in 2019, the health technology company operates an AI-powered health management platform where users can access telemedicine services, including booking virtual meetings with doctors, requesting on-demand laboratory tests and home delivery of medicines.
The company serves approximately 10 million users from insurance companies, corporations and government entities.
Prixa uses a managed care approach to deliver healthcare while reducing costs for clients. The company also has “a track record of increasing patient satisfaction by providing a fast and usable teleconsultation service,” according to Aditia Henri Narendra, managing director of legal and corporate communications at MDI Venture.
THE GREAT TREND
In April, another Indonesian startup, Halodoc, raised $80 million through a funding round. He used the proceeds for the expansion of his services and solutions in the country.
In addition, Prixa launched a collaboration with the insurance company Generali Indonesia in March to offer 24/7 teleconsultations to the insurer’s customers. The company has also entered into partnerships with Lippo Insurance and Mandiri Inhealth.
“Prixa’s platform was designed to easily access the most basic healthcare services through our technology, and we are leveraging our technology to reduce healthcare costs. We are grateful for the opportunity, for through our investors, to impact healthcare through digital primary care, and it is through these humble beginnings that we can pave the way for an innovative healthcare industry for Indonesia” , said James Roring, co-founder and CEO of Prixia, in a press release.
“MDI co-led this funding because Prixa has demonstrated its ability to help insurance companies and hospitals make medical services more accessible and affordable through its AI telemedicine platform,” also said MDI Venture’s Narendra.