The Zi.Care team
Singapore-based early-stage VC firm Oriza Greenwillow Technology Fund has committed to investing US$2 million in Indonesian startup Zi.Care, which digitises medical records for hospitals.
The Jakarta-headquartered electronic medical records (EMR) startup is eyeing a total of US$3 million in this Series A round. Several other regional VCs will also be invited to participate.
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The startup will use funds to strengthen its focus on increasing digitalisation in the health sector.
Zi.Care started as an app focusing on helping and increasing the penetration of digitalisation in Indonesia’s health sector. Until Q1 2023, it operated more than 100 hospital units.
Both Zi.Care and Greenwillow will continue to support the Indonesian government, especially the Ministry of Health to be able to synergise in increasing digitalisation in the health sector.
In Indonesia alone, there are more than 3,300 hospitals, 10,000 clinics and 270 million patients.
Loh Wai Keong, Managing Partner of Oriza Greenwillow Technology Fund commented: “We believe that Zi.Care’s EMR solution has huge growth potential in the Indonesian healthcare industry and will be crucial in digitising the public health services for medical professionals and patients.”
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In 2021, the health-tech startup earlier raised funding from Iterative VC (US), Greenway Grid Global VC (Japan), HLM Tokyo (Japanese Healthcare Company), Muhammadiyah Endowment Fund, and Telkomsel.
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