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French startup Doctolib becomes ‘unicorn’ with fundraiser worth $170 million

doctolib

Date: 20 March 19
Doctolib, an online booking platform for doctors, raises a $170 million with a new round of funding led by General Atlantic. Accel, Eurazeo, Bpifrance, and Kernel also participated in the fundraiser.

The Franco-German startup crosses the mark of $1 billion at the conclusion of the fundraiser, giving it the ‘unicorn’ status. This status is given to the ventures that surpass the $1 billion mark. Doctolib’s valuation after the fundraiser is estimated to be $1.13 billion.

Initially, Doctolib started as a scheduling service provider for health practitioners. It took charge of their calendars and synced all the appointments booked by patients for $124 per month. Now it has spread its wings to other countries and new types of practitioners.

Doctolib is now operating in Germany and also with hospitals. Various hospitals have entirely turned their scheduling systems to Doctolib.

Subsequently, it has become the top cloud service for healthcare scheduling.
Approximately 75,000 practitioners and 1,400 healthcare organisations are currently using the scheduling service. The company employs about 750 people in 40 different cities. Now, Doctolib aims to expand to new services.

In January, the company launched a telemedicine service which allows existing users to accept remote appointments. So, patients can not only find doctors but also have a video consultation with a digital prescription being received into their account.

It can be clearly seen that Doctolib has a shot at becoming the leading company in the healthcare industry. With the latest fundraiser round, it plans to double the size of its team in the next three years. Besides that, it will also increase its product and design teams and technology to aid new product development. Its expansion plans are definitely on track.