Docquity, a Singapore-based on-line networking platform for healthcare professionals, has snapped up $44 million in a Collection C funding spherical led by Japanese basic buying and selling agency Itochu Company. The spherical was additionally participated by different traders, together with iGlobe Companions, Alkemi, World Mind, KDV and Infocom.
This brings its whole funds raised since its inception to $57.5 million.
WHAT IT DOES
With the intention of serving to docs be extra knowledgeable and make higher medical selections, Docquity offers a platform for greater than 350,000 docs to be taught, join, and collaborate by way of information alternate 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 constant medical training (CME) credit to assist docs meet their obligatory CME necessities. It additionally ties up with pharmaceutical, shopper healthcare and medtech firms to succeed in 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 may even help the launch of Docquity’s latest initiatives: Docquity Academy, cohort-based studying for docs in partnership with universities and senior medical practitioners; Docquity Clinic, a digital clinic providing telehealth providers; and Docquity Insights, which can harness knowledge to supply insights into docs’ 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 docs promote their visibility and model consciousness, raised $13 million in Collection B funding. In the identical 12 months in June, Doximity debuted on the New York Inventory Alternate, accumulating virtually $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 reside with its web-based networking platform for docs referred to 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.
