Stockholm based digital healthcare provider from Dr. has raised €50 million (SEK510 million) in funding to expand its services and meet its goal of providing safe and accessible healthcare for all.
The funding round included institutional investors Consensus Asset Management, Noron and Skabholmen Invest.
Due to high demand from new and existing investors, early Doktor.se investor Oriola Corporation agreed to sell a portion of its shares on top of the new capital. Oriola is one of the largest shareholders in Doktor.se.
why it matters
According to app analytics tool Appfigures, Doktor.se is the second most downloaded doctor app in Europe. By the end of 2021, the Swedish company aims to provide its digital health services in more than seven countries.
The new funds will be used to develop its technology platform to offer better services for mental health and chronic diseases, and to expand its digital operations and physical clinics to meet growing demand.
In 2020 more than 1.2 million patient consultations were conducted through its app or through its physical clinics. The company is now looking to expand further into new markets and investigate strategic acquisitions.
The company also plans to continue expanding its Digi-Physical services by acquiring physical health services to integrate into its digital platform.
Doktor.se recently launched operations in partnership with Proximus Group, one of the main providers of digital services and communication solutions in Belgium. As part of its plan to expand globally, Doktor.se previously established partnerships with VIBE, the largest digital healthcare provider in Brazil, and Anicura, a digital vet app available in the Nordics.
In recent funding news, IVF automation startup Overture Life raises $15 million (€12.3M) in Series B funding led by Octopus Ventures. The Madrid-based startup has now raised a total of $37 million (€30M) in support of its mission to revolutionize embryology and make IVF more accessible.
On the record
“Our mission is to provide technology that enables safe and accessible healthcare for all, making the experience frictionless and efficient,” said Martin Lindemann, CEO and co-founder of Doktor.se.
“By making the first contact with patients digital, we save time and resources for the individual and our society. More patients receive faster care, whereas traditional health care provides relief. This frees up resources for patients who really need physical appointments. That’s why we are very proud to offer people this combination of physical and digital healthcare and where we believe we can really make a difference,” he said.