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Unquote
  • Expansion

AddVenture, Target Global in $4.5m series-B for BestDoctor

  • Mariia Bondarenko
  • Mariia Bondarenko
  • 22 July 2020
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AddVenture and Target Global have led a $4.5m series-B funding round for BestDoctor, a Russian digital company providing medical insurance.

The round also saw participation from LVL1.

The fresh capital will be used to develop BestDoctor's software and expand sales activity, focusing on segments related to new products.

BestDoctor

  • DEAL:

    Expansion

  • VALUE:

    $4.5m

  • LOCATION:

    Moscow

  • SECTOR:

    Software

  • FOUNDED:

    2015

BestDoctor was in early-stage talks to raise $10-15m in a series-B funding round, Mergermarket reported last year.

Previous funding
In May 2019, Target Global, Ascent Venture Partners and AddVenture led a $3m series-A funding round for the company.

Company
Founded in 2015 and headquartered in Moscow, BestDoctor is a healthcare company that creates technology insurance products for people and businesses. It has tie-ups with 11,000 Russian clinics.

People
BestDoctor – Mark Sanevich (general director, co-founder).

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