Paris-based Doctolib is one of Europe’s leading e-health companies, and has just raised €150 million – giving it a valuation of over €1 billion and making it Europe’s newest unicorn.
Founded in 2013, Doctolib offers doctors and hospitals a software solution with a full range of services to help improve the efficiency of their operations. Its suite of online services helps doctors to reduce their overhead costs and number of no-shows, while allowing patients to find and book healthcare practitioners 24/7, have remote medical consultations via video, and receive digital prescriptions through their online account.
“Our mission has been the same since day one: making our healthcare system more human, efficient, and connected, and building a company of several thousand people sharing humanist values,” said Stanislas Niox-Chateau, Doctolib co-founder and CEO. “We believe that physicians are at the heart of the healthcare transformation, and the Doctolib team’s mission is to create the best services possible with them.”
Doctolib already employs 750 staff in 40 cities in France and Germany, collaborates with 75,000 physicians across 1,400 healthcare facilities, and has 30 million visits from patients using its platform every month.
The funding round was led by the global growth equity firm General Atlantic, along with existing investors Eurazeo, Bpifrance, Kernel and Accel, as well as several German healthcare entrepreneurs.
“The European healthcare market is at a digital inflection point,” said Chris Caulkin, Managing Director and Head of Technology for EMEA at General Atlantic. “We believe technology is in the early innings of transforming how patients and doctors engage with healthcare, and that there is significant potential to improve the service delivery model and overall access to healthcare. We are very impressed by Doctolib’s progress in only five years. Their approach to healthcare digitization has delivered concrete results. We are very excited to join the Doctolib team in their mission to transform healthcare.”
The unicorn intends to use the new capital to invest in accelerating its growth in France and Germany, promoting the adoption of its telehealth solution, product development, and international expansion.
“The most important investment that we plan to make is in our own team,” added Niox-Chateau. “We plan to double the size of our team, and continue to invest in team happiness and personal development. We are 750 Doctolibers who have an entrepreneurial mindset. We are passionate about healthcare and the proposition we deliver to physicians, assistants and patients.”