Philips Foundation Impact Investments expands to India and Latin America

Amsterdam, the Netherlands – Philips Foundation Impact Investments B.V., the wholly-owned subsidiary by Philips Foundation dedicated to social impact investment, has expanded its portfolio of social ventures to India and Latin America. 

Building on a strong foundation in Africa, where Philips Foundation Impact Investments has supported ventures like Healthy Entrepreneurs, ILARA Health, and GOAL 3 in countries such as Kenya, Uganda and Malawi, it is now taking its proven model to India and Latin America – regions where healthcare access challenges, in particular for those in underserved communities, are both urgent and systemic.

Through the expansion, Philips Foundation Impact Investments continues to grow its diverse, impact-driven portfolio of early-stage health technology ventures, with the potential to transform primary healthcare systems.

India: Tackling chronic diseases with digital innovation

In India, recent investments in Last Mile Care, Briota, and iKure represent a major step forward in the goal to provide access to quality healthcare in strategically important regions. These ventures address key gaps in managing non-communicable diseases, scaling digital primary care models, and delivering affordable diagnostic solutions to communities that are often excluded from traditional healthcare infrastructure. With India’s dense population and rapidly evolving health tech ecosystem, the opportunity for impact at scale is significant.

Additionally, Philips Foundation Impact Investments is actively developing a broader pipeline across Southeast Asia, where it sees momentum in both healthcare innovation and ecosystem collaboration.

Latin America: Opening doors to digital health and early diagnosis

In 2024, Philips Foundation Impact Investments’ strategy extended to Latin America, with investments in Mamotest and Diagnostikare. These ventures are focused on delivering digital health services and screening for non-communicable diseases, particularly in underserved semi-urban and rural areas. Both ventures exemplify the kind of scalable, efficient platforms that Philips Foundation Impact Investments supports, combining medical innovation with a strong social mission.

“We are very happy to welcome these ventures to our ecosystem, reinforcing our belief in social entrepreneurship as a powerful means to transform healthcare and healthcare access. It demonstrates our commitment to scaling proven solutions globally,” says Eddine Sarroukh, Impact Investment Lead at Philips Foundation Impact Investments. “Behind every venture is a real story – a mother receiving life-saving care, a frontline worker equipped with digital tools to provide better care, a child diagnosed before it was too late. Together with our network of social entrepreneurs, we are truly driving meaningful impact: providing quality healthcare in high-risk, underserved settings, independent of geography or circumstance.”

“This geographic expansion marks a significant step for Philips Foundation Impact Investments in reaching broader underserved populations,” says Margot Cooijmans, Director of Philips Foundation. “It highlights a strong momentum in health tech innovation and ecosystem collaboration, driving significant progress in Philips Foundation’s ambition to enable access to quality healthcare for 100 million people in underserved communities a year by 2030.”

To learn more about the portfolio of Philips Foundation Impact Investments, click here.

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For further information, please contact:

Yannick Eshuijs
Philips Foundation
Tel.: +31 6 1852 6633
E-mail: yannick.eshuijs@philips.com
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