Docquity, a Singapore-based on-line networking platform for healthcare professionals, has snapped up $44 million in a Sequence C funding spherical led by Japanese common buying and selling agency Itochu Company. The spherical was additionally participated by different traders, together with iGlobe Companions, Alkemi, International Mind, KDV and Infocom.
This brings its complete funds raised since its inception to $57.5 million.
WHAT IT DOES
With the goal of serving to medical doctors be extra knowledgeable and make higher scientific selections, Docquity supplies a platform for greater than 350,000 medical doctors to study, join, and collaborate by means of information trade and verified content material throughout specialties.
It has partnered with over 250 medical associations throughout Southeast Asia to develop studying modules and ship hundreds of thousands of continuous medical training (CME) credit to assist medical doctors meet their obligatory CME necessities. It additionally ties up with pharmaceutical, shopper healthcare and medtech corporations to achieve and educate healthcare professionals.
The startup has arrange workplaces in India, Indonesia, the Philippines, Malaysia, Singapore, Thailand, Vietnam and Taiwan.
WHAT IT’S FOR
In keeping with a media launch, Docquity will use its recent funds to bolster its presence in its current markets and additional scale its operations in new goal markets in East Asia, together with Japan and Taiwan. It additionally plans to enter the Center Jap markets, beginning with the United Arab Emirates, Saudi Arabia, and Egypt.
Furthermore, the brand new funds will even help the launch of Docquity’s latest initiatives: Docquity Academy, cohort-based studying for medical doctors in partnership with universities and senior medical practitioners; Docquity Clinic, a digital clinic providing telehealth providers; and Docquity Insights, which can harness information to supply insights into medical doctors’ wants.
MARKET SNAPSHOT
Different related networking platforms for healthcare professionals have raised investments lately. In October final 12 months, Barcelona-based Top Doctors, which helps medical doctors promote their visibility and model consciousness, raised $13 million in Sequence B funding. In the identical 12 months in June, Doximity debuted on the New York Inventory Alternate, accumulating nearly $600 million in proceeds from its preliminary public providing.
In the meantime, early this 12 months in India, well being tech startup MedPiper Applied sciences went dwell with its web-based networking platform for medical doctors known as MConnekt. It adopted the launch of the primary on-line healthcare community in India, DocsCampus.com, which is run by healthcare options supplier HealWell24.
