Swedish Telehealth Company Doktor.se Raises $35 Million in Funding

Doktor.se, a Swedish telemedicine app, announced a funding round of €50 million (~$61 million).

The funding round included institutional investors Consensus Asset Management, Norron, and Skabholmen Invest, among others.

According to Doktor.se, the new funds will be used to develop its technology platform to offer new and improved services for mental health and chronic illnesses and expand its digital operations to meet growing demand. With the latest funds, the company also plans to expand into new markets and look for strategic acquisitions.

Founded in 2016, the Sweden-based Doktor.se offers telehealth services worldwide and operates physical healthcare clinics across the country. According to the company, in 2020, over 1.2 million patient consultations were carried out through its app or physical clinics.

The company also plans to expand its digi-physical services by acquiring physical healthcare services to integrate into its digital platforms.

Amid a surge in telehealth, accelerated by the pandemic, Doktor.se is the second most downloaded doctor app in Europe, according to app analytics tool Appfigures. The company recently began operations in Belgium in a partnership with Proximus Group, a Belgium-based digital services and communication solutions provider. Doktor.se previously established partnerships with ViBE, a digital healthcare provider in Brazil, and AniCura, a digital vet app available across the Nordics.

“Our mission is to provide the technology which enables safe and accessible healthcare for everyone, making the experience frictionless and efficient,” said Martin Lindman, CEO, and co-founder of Doktor.se.

By making the first contact with patients digital, we save time and resources for the individual and our society at large. More patients receive care faster, while traditional healthcare is relieved. This frees up resources for patients who really need physical appointments. That is why we are so proud to offer this combination of physical and digital healthcare to people and where we believe we can really make a difference,” he added.

The telehealth category witnessed a massive influx of VC funding during the first quarter (Q1) of 2021, raising a total of $2.4 billion, according to Mercom’s Q1 2021 Digital Health Funding and M&A Report.