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 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 complete 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 choices, Docquity gives a platform for greater than 350,000 docs to study, join, and collaborate by data trade and verified content material throughout specialties.
It has partnered with over 250 medical associations throughout Southeast Asia to develop studying modules and ship tens of millions of continuous medical schooling (CME) credit to assist docs meet their obligatory CME necessities. It additionally ties up with pharmaceutical, client 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 contemporary funds to strengthen 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 can even assist 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 companies; and Docquity Insights, which can harness knowledge to supply insights into docs’ wants.
MARKET SNAPSHOT
Different comparable networking platforms for healthcare professionals have raised investments in recent times. In October final 12 months, Barcelona-based High Docs, which helps docs 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, amassing 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 dwell 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.
