Paris-based Doctolib, an online platform that helps find and make appointments with specialist doctors nearby, announced on Tuesday that it has raised €500M in equity and debt funding at a valuation of €5.8B.
Stanislas Niox-Chateau, CEO and co-founder of Doctolib, says, “In line with our acquisition of the encryption specialist Tanker in January, this new financing will allow us to continue our work to reinvent online medical secrecy and strengthen our teams of cybersecurity experts, already doubled in 2021.”
TechEU reports that the round was led by existing investor Eurazeo, a private equity and venture capital firm that invests in SMEs and helps their growth potential. The investment also saw participation from existing investors Bpifrance and General Atlantic.
“Improving the daily life of caregivers”
Founded in 2013 by Stanislas Niox-Chateau, Steve Abou Rjeily, Jessy Bernal, and Ivan Schneider, Doctolib helps health professionals by providing new-generation services to improve their business, gain time and efficiency, assist patients, and strengthen cooperation between colleagues.
The company also helps patients access treatment faster, allowing them to find a suitable doctor and book visits with professionals, clinics and hospitals.
“I am convinced that digital technology is an essential partner in the daily lives of caregivers and patients and that we can have a humanistic approach to health innovation. This is what we have been trying to prove since the creation of Doctolib, almost 10 years ago now. And this is only the beginning” Niox-Chateau mentions in a LinkedIn post.
Doctolib claims that the funds will enable it to hire 3,500 new employees from 30 cities in France, Germany and Italy over the next 5 years. 700 positions are already open for 2022.
The company will also expand its services beyond appointment booking with new products, including an instant messaging service for healthcare professionals and a platform to centralise medical documents.
Currently, 60 million Europeans already use Doctolib to find healthcare professionals, make medical appointments online, carry out teleconsultations or manage their health. “We are going to create new services for them, such as sharing dematerialised prescriptions, or messaging with their healthcare professionals,” says the company.