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Sunday, March 24, 2019

Russian telemedicine company DOC+ receives $5 million in Round B funding

DOC+, a Russian digital health company, has raised $5 million in funding to help develop more advanced digital health services and expand its on-demand telemedicine business offerings.

The Round B funding came from Yandex internet company and Baring Vostok venture fund, both of which have already invested in DOC+, according to a press release from the company. The company, which launched two years ago, initially raised seed money from angel investors, plus $5.5 million in Round A investment from Yandex and Baring Vostok.

DOC+ offers doctor house calls in Moscow and St. Petersburg. Users can request a doctor by phone, through the website or via an app. A nearby available doctor responds to the request and can consult the patient, prescribe medicines, order medical tests, and so on. The company works with pediatricians, therapists, neurologists and nurses, offering all sorts of services ranging from $21 to $53 per house call. DOC+ also offers chat-based consultations. The company aims to expand the types of services offered, thanks to telemedicine legislation recently approved by the government and awaiting Parliament's approval.

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