Service to invite doctor home raises investment

Doc+, a Russian service enabling users to call and have a physician come over for help at home, has raised $9m from a consortium of international investors.

The current investors in Doc+ are Sweden’s Vostok New Ventures, as well as Russia’s Yandex and Baring Vostok which already supported the start-up in 2016, reported.

How much each has invested and what shareholdings they currently have has yet to be specified.

The company wants to use the money to further develop its technological platform, test-run new business directions, and also develop solutions based on artificial intelligence (AI). The prior investments from Yandex and Baring Vostok have also been funneled into the platform and AI.

In a near future Doc+ has plans to develop a family of proprietary products, including a new system to assess diagnoses using a special bot that collects data from patients. The system is expected to lend a valuable hand to doctors. Also, the start-up is hoping to expand its business from what may now be referred to as a mobile clinic to a comprehensive health management platform.

Doc+ wants to grow breakeven and then profitable two or three years from now.

Set up in 2015 in Moscow, the company started out only as a service to enable users to invite physicians for home visits. Today, the Doc+ app makes it possible to get online advice, make an online appointment, and get a discount when buying medicines at a drugstore. According to the start-up’s own information, about 300 physicians currently collaborate with the company, and the service app has been downloaded more than 250,000 times.