Doctify, a healthcare review platform announced in the media the funding of $7.5 million in a new round led by Keen Venture Partners. This additional funding makes the overall investment $20 million. Along with Keen Venture Partners, the participants also included existing investors like Amadeus Capital, Guinness Asset Management and Tom Teichman an early-stage investor of Doctify.
The company was founded in 2016 and aims to increase trust and transparency in healthcare by providing greater access to verified patient reviews. Platforms like Glassdoor and Trustpilot exists to help consumers to build trust in businesses while Doctify is working in the healthcare review space which is considered one of the biggest markets by value worldwide. So far the company has played a significant role in connecting over four million people with 25,000 healthcare providers in the last five years. The clients of the company include prime hospital groups such as HCA, Royal BromptonHospital and Priory Group.
Stephanie Elts, chief executive officer of Doctify while addressing the media said, “We are thrilled to partner with investors to fuel our continued growth and accomplish Doctify’s mission of helping 30 million people across the globe to find the right specialist by 2023.” She also added that they believe by empowering providers to capture better patient feedback with the technology they can drive tangible improvement in the healthcare sector.
Doctify is currently present in the UK, Austria and the UAE and is determined to plan further growth in Germany, the largest healthcare market in Europe. Since the country also passed the Digital Healthcare Act (DVG), with the digital transformations, it is to become one of the leading providers of patient-centred digital healthcare.