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 common buying and selling agency Itochu Company. The spherical was additionally participated by different buyers, together with iGlobe Companions, Alkemi, International 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 medical doctors be extra knowledgeable and make higher medical choices, Docquity supplies a platform for greater than 350,000 medical doctors to be taught, join, and collaborate via data change and verified content material throughout specialties.
It has partnered with over 250 medical associations throughout Southeast Asia to develop studying modules and ship thousands and thousands of constant medical schooling (CME) credit to assist medical doctors 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 response to a media launch, Docquity will use its contemporary funds to bolster its presence in its present 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 Japanese 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 medical doctors in partnership with universities and senior medical practitioners; Docquity Clinic, a digital clinic providing telehealth providers; and Docquity Insights, which is able to harness information to supply insights into medical doctors’ wants.
Different related networking platforms for healthcare professionals have raised investments in recent times. In October final yr, Barcelona-based Prime Docs, which helps medical doctors promote their visibility and model consciousness, raised $13 million in Collection B funding. In the identical yr in June, Doximity debuted on the New York Inventory Trade, amassing nearly $600 million in proceeds from its preliminary public providing.
In the meantime, early this yr in India, well being tech startup MedPiper Applied sciences went reside 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.