Swedish Telemedicine Company Doktor.se Raises $50 Million

Swedish telemedicine company Doktor.se has raised $50 million in a funding round. The company operates online medical centers and offers healthcare services through its app.

Doktor.se plans to use the new capital to expand its digital operations and offline clinics to meet growing demand, and to lay the groundwork for international expansion.

In addition to the care offering, the company also has platform collaboration with Vivabem, a digital healthcare company active in Brazil and AniCura, a digital veterinary app available in Sweden.

Carnegie and Handelsbanken led the financing round with participation from existing investors, Oriola, and Bonnier Ventures.

“The ongoing pandemic is increasing demand for digital healthcare meetings. At Oriola, we want to improve people’s health, this long-term investment in digital healthcare has synergy effects and fits well with our strategy and our long-term goals, “said Robert Andersson, CEO of Oriola Corporation.

Founded in 2016, the Swedish startup has raised over $76 million to date.

In 2019 alone, one million people in Sweden used telemedicine services; that is significant for a country with little over ten million in population.

“We started Doktor.se with the mission to be able to offer more people safe care by making health care frictionless and more effective. The global crisis that is currently underway clearly shows the transformation that the system needs to undergo in order to make it sustainable and future-proof, “said Martin Lindman, CEO, and founder of Doktor.se.

Telehealth service providers raised $930 million in Q1 2020, according to Mercom Q1 2020 Digital Health Funding Report. Recently Amwell (formerly American Well), a telemedicine company, closed a $194 million Series C financing round to extend its technology and telehealth services. Allianz X, the investment arm of German insurance company Allianz led the funding round with participation from drugmaker Takeda.