French startup Doctolib has announced a new funding round. In this round, the company reached a valuation of 5.8 billion euros, or $6.4 billion at current exchange rates. This makes Doctolib the top rated French startup.
The startup says it has raised $549 million (€500 million) in both equity and debt. Doctolib does not name these investors. In the past, Urazio, General Atlantic, BPiFrance and Accel have invested in the company.
If you’re not familiar with Doctolib, the company’s flagship product is a software-as-a-service platform for doctors and healthcare professionals. The company wants to help them cope with administrative tasks. Specifically, Doctolib acts as a booking platform that connects doctors with patients; It is used by 60 million people in France, Germany and Italy.
With today’s funding round, the company plans to grow from 2,500 to 6,000 employees over the next five years. Doctolib relies on an extensive network of offices in large and medium-sized European cities, so they can communicate with doctors from all over France, Germany and Italy. Doctolib plans to operate in 30 cities.
In January, Doctolib unveiled its roadmap for 2022 and beyond. The company plans to create a range of products and go beyond making an appointment.
And the company has already added several new SaaS products as Salesforce continually updates its product suite. In addition to its telemedicine add-ons, the startup has a product called Doctolib Médecin that lets you centralize documents, view patient history, take notes and generate invoices.
Together with the Doctolib team, the company is building an instant messaging service for medical professionals. They could use the service to safely talk about patients and send documents.
Because Doctolib operates in a highly sensitive area, the company has also invested in security and privacy. As I first reported, Doctolib has acquired Tanker. Tanker is a turnkey solution that provides end-to-end encryption in a medical application.
In total, Doctolib is used by 300,000 healthcare professionals – not all of them pay for a monthly subscription. The startup also collaborates with 250 public hospitals. And if you live in France, you know that Doctolib has become ubiquitous.