Prixa Get Funding More Than 40 Billion Rupiah, Led by MDI Ventures and TPTF

Startups healthtech Prixa announces fresh funding of $3 million (over 40 billion Rupiah) led by MDI Ventures and the Trans-Pacific Technology Fund (TPTF). This round was also followed by Siloam Hospitals Group, which was the previous investor.

In an official statement submitted, the funding will be used to expand the reach of the platform and Prixa pengguna user base, supporting the B2B customer base, and increasing accessibility to healthcare and the digital transformation of Indonesia's healthcare services.

“There is a dichotomy in healthcare where there is constant innovation in advanced patient care, but access to basic healthcare continues to lag behind. [..] For this great opportunity, we thank the strategic investors who have supported us in making a positive impact on healthcare through digital primary care,” said Prixa Co-Founder & CEO James Roring.

Each investor representative also gave a statement. TPTF Managing Director Barry Lee said, “As an international venture fund, we see a significant opportunity to support the healthcare industry in Indonesia through cutting-edge technology. We look forward to contributing the global experience in this sector that we gain from our portfolio of other health technology companies to support Prixa's growth."

GM Legal and Corporate Communication of MDI Ventures Aditia Henri Narendra added, “MDI co-led on funding at Prixa for demonstrating its ability to support insurance companies and hospitals in making physician services more accessible and affordable through its AI-powered telemedicine platform. [..] We are very happy that Prixa can actively support the digital health ecosystem in SOEs.”

Prixa was founded in 2019 by James Roring, MD with its first service being an AI-based health management platform. The platform provides telemedicine and other basic primary care services to healthcare payers with the mission of humanizing healthcare by leveraging data and technology.

Prixa focuses on healthcare payer services, which include insurance companies, corporations, and government entities, serving approximately 10 million users. With the aim of reducing claims costs and healthcare costs, Prixa strives to provide healthcare in a paradigmatic way through a managed care approach (managedcare). This business model is also in line with Prixa's support for government programs for digital transformation in the healthcare sector and for improving health services across all levels of society.

So far, under the conditions of the pandemic, it is claimed Prixa has experienced exponential growth for its services, including online medical consultations. The Prixa platform allows users to connect directly with primary care services, which include telemedicine consultation, drug delivery, and on-demand laboratory tests.