Thursday, June 30, 2022
Home Reviews Russian insurtech and telemedicine startup BestDoctor raises $26M B from Winter Capital...

Russian insurtech and telemedicine startup BestDoctor raises $26M B from Winter Capital Partners

Last year we covered BestDoctor’s series A round when the Russian insurtech startup raised $4.5 million for its online medical insurance platform for corporates, which also offers telemedicine services to employees.

It’s now closed a $26 million Series B round from Winter Capital Partners, alongside Swedish investor VNV Global and UNIQA Ventures, the corporate VC backed by UNIQA Insurance group. The company claims this round gives it a $90 million valuation.

BestDoctor’s Virtual Clinic platform offers round-the-clock telemedicine services as well as preventive medicine, and other services. While the product is currently offered as an enterprise platform for private companies, it now plans to enter the consumer market in 2021.

Mark Sanevich, BestDoctor’s co-founder and CEO said: “We are pursuing a new goal and building a platform with the best medical services that can be entrusted with any health-related issues. The platform will consolidate all of BestDoctor’s products to become an example of a client and product-oriented approach to medicine. A new type of healthcare service focused on the patient and their needs, is urgently needed – not just in Russia, but globally.”

In 2020 BestDoctor secured Russian tech and telecoms giants Mail.ru Group, Megafon, and RBC media, putting 100,000 patients on its platform.

He Sanevich the startup plans to enter the European digital-health market, which is currently growing by 28% year-on-year.

Anton Farlenkov, Managing Director at Winter Capital Advisors said: “The medical insurance industry is undergoing a digital transformation, as many services move online, creating greater accessibility and improving usability for consumers. BestDoctor is at the forefront of this revolution, accelerating the medical insurance field’s transition to a qualitatively new level.”

Björn von Sivers, investment Manager at VNV Global said: “The company has built a great product and onboarded an impressive set of corporate clients in a short time. We believe BestDoctor is in a great position to continue to lead the Russian market with its innovative offering and also see strong potential for future geographical expansion.”

Previous investors AddVenture, Target Global and the LVL1 fund.

- Advertisment -

Most Popular

Russia and China condemn NATO as alliance warns of myriad threats

NATO faced rebukes from Moscow and Beijing on Thursday after it declared Russia a “direct threat” and said China posed “serious challenges ” to...

Orcas hunt great white sharks as marine ecosystem comes under pressure

A deceased shark washed ashore in Pearly Beach, Gansbaai after being attacked by an orca. (Credit: Marina Dynamics / The Dyer Island Conservation Trust...

The Steam Deck’s best button is its software

The Steam Deck has a lot of buttons. There’s a D-pad, all the typical face buttons, two control sticks that also respond to capacitive...

Russia ditches Snake Island outpost in strategic victory for Ukraine

Russian forces abandoned the strategic Black Sea outpost of Snake Island on Thursday, in a major victory for Ukraine that could loosen a Russian...