DOC+, the Russian Digital Health Company, Raises $5M from Yandex and Baring Vostok

Digital health company providing on-demand doctor visits and telemed consultations will use the funding to build an e-clinic without branches and capitalize on the new telemedicine legislation in Russia.

Moscow – 6th of June, 2017. DOC+, the largest funded digital health company in Russia developing an innovative digital clinic without branches, today announced that it has raised $5M in Round B funding from existing investors - Yandex internet company and Baring Vostok venture fund.

The new capital will be used to develop advanced digital health services, as well as to expand the core business of on-demand visits and telemedicine consultations. Launched in 2015, DOC+ previously raised seed funding from business angels and $5.5M in round A investment from Yandex and Baring Vostok.

The company’s revenue in 2016 reached 70M roubles ($1,2M). Since the launch, DOC+ app was installed over 70K times, and the company’s doctors made over 60K visits, growing 4x in 2017H1 vs. 2016H1. Earlier this week, Russia’s Yandex announced “Yandex.Health” - a telemed service providing medical consultations online where DOC+ is an exclusive partner.

«Getting a doctor’s home visit from a commercial clinic in Russia is expensive, often takes long time and is not available outside big cities. And digital health infrastructure almost does not exist. We decided to change this. - says Ruslan Zaydullin, DOC+ cofounder and CEO. - Although we started with the basic on-demand doctor house calls, we soon realized that we need to build the entire IT infrastructure to provide all medical services that could be delivered at home or remotely. Our investors share our vision of building Russian leading e-clinic and we hugely appreciate their support.»

About DOC+

Founded in August 2015, DOC+ is the largest funded digital health company in Russia, top-20 in Europe and top-35 worldwide, excluding the USA. DOC+ provides on-demand doctor visits and telemedicine consultations. The company is disrupting the Russian private healthcare by building an innovative digital clinic on a user’s smartphone.

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