Top Doctors raises capital. The medical appointments and medical directory platform led by Alberto Porciani, its CEO, has closed a thirteen million dollar financing round. The round was led by the French private equity firm Impact Partners. The Institut Català de Finances (ICF), through the ICF Venture Tech II fund, has also participated in the operation, according to what Porciani told PlantaDoce.
ICF Capital is the venture capital firm of the Institut Català de Finances. Founded in 1985, ICF is the public financial institution owned by the Generalitat de Catalunya. ICF’s fourth fund is ICF Venture Tech II, focused on innovative digital technology companies with high growth potential. Investments are made primarily in equity, debt, or convertible debt, preferably in co-investment with other venture capital funds.
Drake Star Partners acted as financial advisor in this financing round. In addition, the deal allows “minority partners such as Inveready to successfully divest,” according to Porciani. The company thus culminates a goal that initially arose in 2019. The financial injection will enable Top Doctors to strengthen its presence in its main geographic areas of operation and in those with the greatest difficulty in accessing medical professionals, as well as to “continue supporting doctors in their digitalization process,” said its CEO. The company expects to exceed $16 million in revenue in 2021, up from $12 million in 2020.
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Top Doctors wants to strengthen its commitment in Spain, Italy, the United Kingdom, and Mexico, among other countries
Top Doctors’ internationalization has led the company to have a global presence spanning Europe (Spain, Italy, and the United Kingdom), Latin America (Mexico, Colombia, Argentina, and Chile), and Saudi Arabia. The company has a team of 250 employees and plans to expand its workforce by a further 100 people in the next twelve months. Top Doctors offers access tools to a medical directory with more than 90,000 experts in more than 50 specialties while providing doctors with technological solutions.
Top Doctors’ software as a service (SaaS) solution offers medical specialists a set of digitization tools that include online reputation management services, medical appointment booking support, teleconsultation services and payment solutions, among others. The company also hopes to soon launch a marketplace where “doctors can sell services at more affordable prices, with more competitive prices,” says Porciani. Another noteworthy fact is that the group is expanding its facilities at 239 Muntaner Street in Barcelona, where it will now occupy two floors instead of one.
The platform offers medical pre-diagnosis, private chat, and video consultation with doctors from all medical specialties, as well as a prepayment system, a platform for exchanging medical data, TD Drive, and electronic medical prescriptions, among other services.
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First published in PlantaDoce, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
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