General Atlantic et al. invest €150m in Doctolib

The group's enterprise value exceeds €1bn, according to a statement by General Atlantic. 

US-based General Atlantic, as well as existing investors Eurazeo, BPI France, Kernel and Accel, and several German healthcare entrepreneurs, backed the business.

The fresh capital will allow the company to further expand in France and Germany, invest in product development and foster its international expansion.

Previous funding
Kerala Ventures first invested €5m in Doctolib in 2014, which at the time was an online doctor appointment service. A year later, VC firm Accel Partners led an €18m series-B for the business, and Kerala reinvested.

In Q1 2017, Accel and BPI France took part in a €26m series-C round of funding for Doctolib. At the time, the business had recently launched operations in Berlin and was intending to continue its expansion throughout Europe.

Later that year, Eurazeo and BPI France invested €35m in the business. Eurazeo made a €17m contribution from Eurazeo Croissance, a €500m venture fund announced in 2010, in return for a minority stake. BPI France contributed the remainder of the round, according to a person familiar with the deal.

Company
Founded in 2013, Doctolib operates a software used by doctors and hospitals offering a full range of services to help improve the efficiency of their operations, find new patients, and improve the collaboration with external medical staff.

The software is also used by patients to find nearby healthcare professionals, book and manage appointments online, have remote medical consultations via video, and receive a digital prescription in their online account.

Headquartered in Paris, the company employs 750 people and has offices in 40 cities across France and Germany. Doctolib currently works in partnership with a community of 75,000 physicians and 1,400 healthcare facilities.

The business is not yet profitable, according to a report by French publication Les Echos. 

People
Doctolib – Stanislas Niox-Chateau (co-founder, CEO).  
General Atlantic – Chris Caulkin (managing director, EMEA head of technology).  

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Expansion
• France
• Technology
• France
• Eurazeo
• General Atlantic
• BPI France
• Accel Ventures