Paris-based Doctolib, a provider of online booking management software for European doctors, has secured 500 million euros ($550 million) in funding that brings the company’s value to 5.8 billion euros ($6.4 billion), PitchBook.com reported Tuesday (March 15).
The latest funding will be used to create 3,500 jobs by 2027, which would increase its workforce to 6,000 employees, the company said.
Additionally, Doctolib said it plans to expand beyond appointment booking and introduce an instant messaging service for the healthcare community and a platform to consolidate medical documents. . The startup said it would also tighten its data security.
The Doctolib platform offers management software for practitioners to manage patients and their appointments and an online service for patients to facilitate access to care, allowing healthcare professionals and users to manage and streamline access to health services.
The company said it works with 65,000 healthcare professionals in 1,300 healthcare facilities. About 25 million patients visit Doctolib’s website and mobile app each month, the company said.
Eurazeo led the round. It also included existing backers Bpifrance and General Atlantic, according to reports.
Last fall, PYMTS announced that Doctolib had expanded to Italy.
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After France and Germany, the French company recently acquired its Italian equivalent, Dottori, to mark the firm’s entry into its latest market in Europe. The company also announced its intention to invest 250 million euros in improving its software in the Italian market, to build a new Tech Center in Milan and to hire 500 people locally.
In 2019, the startup raised 150 million euros ($170 million) in a round that bumped its valuation to 1 billion euros ($1.1 billion). This put it into unicorn territory, the term used in the venture capital industry to describe a private start-up worth more than $1 billion.
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