WebDoctor, a Dublin, Ireland-based health technology platform, raised $3.54m in funding.
VentureWave Capital, the venture private equity firm that focuses on entrepreneurial companies with high impact potential, made the investment, which gives a valuation of $56.6m to the business. VentureWave Capital Chairman and Managing Partner, Alan Foy, will join WebDoctor’s board of directors.
The company intends to use the funds to accelerate international growth and expansion and the scaling of the sales, marketing, product and technology teams.
Led by newly appointed CEO David Crimmins, WebDoctor is a health technology business and telehealth platform which enables engagement and collaboration between healthcare practitioners and their patients. Today, the company enables doctors to conduct their day-to-day operations virtually and to automate their booking and payment processes.
Founded in 2013 by brothers Oisin and Howard Kim and co-founder Martin Commins, who helped a family friend, Dr Sylvester Mooney, transform his medical clinic’s business, the company has processed over three million bookings to GP’s, pharmacies and other health-related clinics and has registered almost ten per cent of the Irish population as patients on its platform. In response to Covid-19, the year on year increase in GP appointments has risen from 68,000 in 2020 to 125,000 in the current year.
FinSMEs
28/09/2021