Docquity, a Singapore-based on-line networking platform for healthcare execs, has snapped up $44 million in a Collection C investment spherical led by means of Eastern basic buying and selling company Itochu Company. The spherical used to be additionally participated by means of different traders, together with iGlobe Companions, Alkemi, International Mind, KDV and Infocom.
This brings its overall price range raised since its inception to $57.5 million.
WHAT IT DOES
With the purpose of serving to medical doctors be extra knowledgeable and make higher scientific selections, Docquity supplies a platform for greater than 350,000 medical doctors to be told, attach, and collaborate thru wisdom alternate and verified content material throughout specialties.
It has partnered with over 250 clinical associations throughout Southeast Asia to broaden studying modules and ship tens of millions of continuous clinical training (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 teach healthcare execs.
The startup has arrange workplaces in India, Indonesia, the Philippines, Malaysia, Singapore, Thailand, Vietnam and Taiwan.
WHAT IT’S FOR
In step with a media free up, Docquity will use its recent price range to give a boost to 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 go into the Heart Japanese markets, beginning with the United Arab Emirates, Saudi Arabia, and Egypt.
Additionally, the brand new price range may also enhance the release of Docquity’s latest projects: Docquity Academy, cohort-based studying for medical doctors in partnership with universities and senior clinical practitioners; Docquity Hospital, a digital hospital providing telehealth products and services; and Docquity Insights, which is able to harness information to supply insights into medical doctors’ wishes.
MARKET SNAPSHOT
Different equivalent networking platforms for healthcare execs have raised investments in recent times. In October final 12 months, Barcelona-based Best Medical doctors, which is helping medical doctors advertise their visibility and logo consciousness, raised $13 million in Collection B investment. In the similar 12 months in June, Doximity debuted at the New York Inventory Trade, accumulating nearly $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 reside with its web-based networking platform for medical doctors known as MConnekt. It adopted the release of the primary on-line healthcare community in India, DocsCampus.com, which is administered by means of healthcare answers supplier HealWell24.
