Franco-German Doctolib gains unicorn status in latest funding round

Its latest funding round included existing investors including investment firm Eurazeo, France’s state-owned investment bank Bpifrance and venture funds Kernel and Accel.

Doctolib, a Franco-German startup which created an online booking platform for doctors stated, it has raised 150 million euros in its latest funding round that was led by U.S. venture capital giant General Atlantic.

The development assumes significance since Doctolib’s valuation was more than $1.14 billion (1 billion euros), which places it in the coveted club of “unicorns” – startups whose valuation is more than $1 billion.

With nearly $31 billion in assets under management, General Atlantic has identified health as one of the key fields in which it will invest aggressively.

In a statement Doctolib said, the funding round included existing investors including investment firm Eurazeo, France’s state-owned investment bank Bpifrance and venture funds Kernel and Accel.

For the 6-year old Doctolib, this was its fifth financing round.

Based out of Paris and Berlin, Doctolib’s finances are yet to be in the black. It did not disclose financial figures pertaining to its latest financing round.

However, it did say, it receives around 30 million online visits from patients every month and works with more than 75,000 physicians, who subscribe to its online service for 109 euros a month.

Doctolib’s software aims to ease doctors’ day-to-day communication with patients via remote visits by computer and the sharing of health documents on its platform.

In a statement, the startup said, it would channel the new found funds to double its staff to 1,500 in the next three years. It said, it aims to expand its footprint in two major international markets and declined to provide any further details.

($1 = 0.8810 euros)

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Categories: Creativity, Economy & Finance, Entrepreneurship, HR & Organization, Strategy

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