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Doctolib scores $549M; surpasses Back Market to become most-valued French startup with $6.4B valuation

Image credits: Doctolib

Paris-based healthcare platform Doctolib has secured €500 million ($549 million) in equity and debt funding. With this round, the company has reached a valuation of $6.4 billion. Apparently, Doctolib surpasses Back Market and becomes the most valued French startup.

Eurazeo that invested in Kolleno and Silvr recently led the financing round in Doctolib alongside existing investors Bpifrance that invested in Elicit Plant and General Atlantic that invested in Typeform.

Doctolib plans to use the latest funding round to grow from 2,500 employees to 6,000 employees over the next five years. The healthcare platform relies on a vast network of offices in major and mid-sized European cities to let them talk with doctors all around France, Germany and Italy. Using the fresh funds, the company is in plans to operate across 30 cities.

Added new SaaS products

Already, Doctolib has added some new SaaS products similar to Salesforce, which is always bringing new products by iterating its existing suite of products.

Besides rolling out a telehealth add-on, the company has launched a product called Doctolib Médecin. It helps users centralise documents, see a patient’s history, take notes and issue invoices.

With the Doctolib Team, the French unicorn has created an instant messaging service for healthcare professionals. They can use the service to securely talk about patients and send documents.

Previous announcements by Doctolib

Earlier this year, Doctolib revealed its roadmap for 2022 and beyond. It announced that it is in plans to create a suite of products and expand beyond appointment booking.

Besides this, Doctolib acquired Tanker in January this year. Notably, Tanker is a turnkey solution that helps healthtech companies secure user data by enabling end-to-end encryption in a medical application.

Back then, Stanislas Niox-Chateau, CEO and co-founder of Doctolib said, “The acquisition of Tanker is the natural evolution of our relationship and we can be proud that such a technology remains in Europe, while leading global tech companies had their eyes on it.”

What does Doctolib do?

Founded in 2013 by Stanislas Niox-Chateau, Jessy Bernal and Ivan Schneider in Paris, Doctolib provides a suite of online services that help doctors reduce the number of no-shows, lessen the overhead costs and let patients find and book healthcare services 24/7. The platform also helps users get remote video consultations and access digital prescriptions online.

Currently, nearly 300,000 healthcare workers are using Doctolib’s €129 per month SaaS service. Also, the company is eyeing to reach revenues close to nearly €40 million. Notably, not all of these users pay for a monthly subscription. Also, Doctolib is working with 250 public hospitals.

This French unicorn operates with the mission to transform the healthcare industry and the way people access services in the future. It aims to improve the organisation of health facilities and professionals. Its software solution will help save time for the professionals by reducing administrative time, minimising no-shows and optimising consultation activity.

Also, it ensures to offer faster care for those facing an emergency situation. Moreover, patients can access their information pertaining to their health at any time and share the documents with the team in a single click via Doctolib’s solution securely.

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