Baring Vostok, Vostok New Ventures sell Doc+

Under the terms of the deal, the founders of Doc+ will become the co-owners of Doktor Ryadom, and all the developments and technologies of Doc+ will be transferred to Doktor Ryadom.

In June 2017, Baring Vostok Private Equity and Yandex provided $5m of financing to Doc+. Subsequently, the company secured $9m in a round led by Swedish fund Vostok New Ventures, with participation from existing shareholders Yandex and Baring Vostok Capital Partners in August 2018. Vostok New Ventures owns a 26.7% stake in the company, according to Forbes.

In May this year, Doktor Ryadom raised RUB 1bn ($13.2m) from VEB Ventures, a venture fund belonging to Russian state corporation VEB.RF. Currently, VEB Ventures holds 33.3% of Doktor Ryadom, according to Forbes.

Company
Founded in 2015, Doc+ operates a marketplace that arranges on-demand doctor visits and tele-medicine consultations. The company is headquartered in Moscow. As of March this year, a 100% stake in Doc+ was valued at $7.6m, according to a Q1 2020 financial statement by Vostok New Ventures.

People
Doc+ – Ruslan Zaidullin (co-founder).
Doktor Ryadom – Denis Shvetsov (CEO).

 

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