DOC+, the Digital Health Company, Raises $5M From Yandex and Baring Vostok

02:09 EDT 6 Jun 2017 | PR Newswire

MOSCOW, June 6, 2017 /PRNewswire/ -- DOC+, the largest funded digital health company in Russia developing an innovative digital clinic without branches, today announced that it has raised $5M in Round B funding from existing investors — Yandex internet company and Baring Vostok venture fund.

The new capital will be used to develop advanced digital health services, as well as to expand the core business of on-demand visits and telemedicine consultations. Launched in 2015, DOC+ previously raised seed funding from business angels and $5.5M in round A investment from Yandex and Baring Vostok. Earlier this week, Russia's Yandex announced "Yandex.Health" — a telemed service providing medical consultations online where DOC+ is an exclusive partner.

DOC+ provides on-demand doctor services in Moscow and Saint Petersburg, with another Russian city to follow in 2018. Users can book a visit via the call centre, the mobile app, or the website. The closest doctor available picks up the order and visits a patient at home. The services include: consultations, prescriptions, sick notes, medical tests, ECG, referrals to MRI, and other advanced diagnostics. DOC+ also offers personalized services like digital health records and personal doctor subscriptions.

DOC+ does not simply connect doctors and patients. It is a fully functioning clinic with applicable medical licenses and staff. The company works with 300 highly qualified therapists (GPs), pediatricians, otolaryngologists, neurologists and nurses, and features a quality rate of 4.9 out of 5. Prices vary from 1200 to 3000 roubles ($21 - $53) per visit.

Additionally, DOC+ offers telemedicine consultations via chat, audio- or video calls for Russian-speaking users. With the new telemedicine legislation approved by the Russian government and awaiting the Parliament's review, DOC+ aims to expand the range of services. DOC+ telemed services are priced at 100 roubles ($1.80) for the first and 499 roubles ($8.8) for a follow-up doctor-patient chat. Although still in a test phase, dozens of consultations are provided daily; the number is expected to grow to hundreds by the end of 2017.

About DOC+

Founded in August 2015, DOC+ is the largest funded digital health company in Russia, top-20 in Europe and top-35 worldwide, excluding the USA. DOC+ provides on-demand doctor visits and telemedicine consultations. The company is disrupting Russian private healthcare by building an innovative digital clinic on a user's smartphone.

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