Stockholm-based digital healthcare provider Doktor.se has received a funding boost of €50 million (SEK510 million) to expand its services and deliver its aim to provide safe and accessible healthcare for all. 

The funding round included institutional investors Consensus Asset Management, Norron and Skabholmen Invest. 

Due to high demand from new and existing investors, early Doktor.se investor Oriola Corporation agreed to sell a part of their shares on top of the new capital. Oriola remains one of the largest shareholders in Doktor.se.

WHY IT MATTERS

Doktor.se is the second most downloaded doctor app in Europe, according to app analytics tool Appfigures. 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 technical platform to offer improved services for mental health and chronic illnesses and to expand its digital operations and physical clinics to meet growing demand.

Over 1.2 million patient consultations were carried out through its app or its physical clinics in 2020. The company is now looking to expand further into new markets and to investigate strategic acquisitions. 

The company also plans to keep expanding its digi-physical services by acquiring physical healthcare services to integrate into its digital platforms. 

Doktor.se recently began operations in Belgium in a partnership with Proximus Group, one of Belgium’s main providers of digital services and communication solutions. As part of its plans to expand globally, Doktor.se previously established partnerships with ViBE, the largest digital healthcare provider in Brazil and AniCura, a digital vet app available across the Nordics.

THE LARGER CONTEXT

In recent funding news, IVF automation startup Overture Life has raised $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 revolutionise embryology and make IVF more accessible.

ON THE RECORD

“Our mission is to provide the technology which enables safe and accessible healthcare for everyone, making the experience frictionless and efficient,” said Martin Lindman, 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 at large. More patients receive care faster, while traditional healthcare is relieved. This frees up resources for patients who really need physical appointments. That is why we are so proud to offer this combination of physical and digital healthcare to people and where we believe we can really make a difference,” he added.