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New round of funding to bolster new growth plans past the Southeast Asia area – in North Asia and the Middle East
SINGAPORE, Sept. 5, 2022 /PRNewswire/ — Singapore-based Docquity, Southeast Asia’s largest neighborhood of healthcare professionals, introduced right this moment that it has raised a complete of US$44 million in its Series C financing round, led by current investor Japan’s Itochu Corporation with US$32 million.
Other buyers supporting this round included iGlobe Partners, Alkemi, Global Brain, KDV and Infocom. To date, Docquity has raised US$57.5 million. The funding round comes on the heels of just about two-fold development in income achieved in 2021. This new funding will additional strengthen Docquity’s scale in its operations inside current markets and drive the corporate’s on-going development momentum in Asia and globally.
“Investors are seeing that we are able to achieve what we set out to do. We are now reaping from the foundations that we have built over the years; enabling Southeast Asia’s largest healthcare professional community to build healthier lives at scale and mitigating geography and knowledge boundaries for doctors,” mentioned Docquity CEO and Co-Founder, Indranil Roychowdhury. “This round of funding affirms the opportunities and potentials in Docquity’s scalable business model.”
Hiroshi Kajiwara, Executive Officer, Chief Operating Officer, ICT Division, ICT & Financial Business Company of Itochu Corporation mentioned, “It has been our great pleasure to invest in Docquity. We have seen the company grow from strength to strength since the early days – from bringing in some of the best people to scaling the business into a thriving community of doctors and clients in Southeast Asia. We are excited to further support the expansion of Docquity’s business in Asia.”
Doctors stay core focus
As the platform that connects two out of three medical doctors in Southeast Asia, Docquity has greater than 300,000 medical doctors studying, connecting, and collaborating by means of information exchanges and verified content material throughout a number of medical specialties. The purpose is to assist medical doctors be extra knowledgeable and make higher identified selections.
Docquity centered on information insights akin to medical doctors’ behaviours and tailor-made the consent-driven platform in order that it’s safe, real-time and simple to make use of.
Trusted community of partnerships drives momentum
The firm’s collaboration mannequin depends upon the belief earned from the rising healthcare neighborhood to allow medical doctors to be taught, community and supply the perfect healthcare for his or her sufferers. Docquity companions with greater than 250 medical associations in Southeast Asia not solely to develop studying modules for its customers, but additionally delivered greater than 4.2 million persevering with medical schooling (CME) credit up to now by way of the platform, serving to medical doctors meet their obligatory CME necessities. With the expansion of digital transformation impacting the healthcare business, Docquity additionally companions with pharmaceutical, client healthcare and MedTech firms to succeed in and educate healthcare professionals, in addition to to share insights on them primarily based on engagement on the platform.
Investing in more healthy lives in Southeast Asia and past
This newest funding shall be used to additional strengthen Docquity’s presence throughout Southeast Asia, together with Indonesia and the Philippines, and additional penetrate into new markets in North Asia akin to Japan and the Taiwan area – constructing on the expansion momentum in Asia.
In addition, Docquity goals to develop into the Middle East, beginning with the United Arab Emirates, Saudi Arabia and Egypt.
Beyond new markets, Docquity shall be enhancing product capabilities, in addition to introducing new initiatives:
- Docquity Academy – Cohort primarily based studying for medical doctors in partnership with universities & senior medical practitioners.
- Docquity Clinic – A health care provider-owned digital clinic, primarily for the medical doctors to have follow-up consultations with their sufferers.
- Docquity Insights – Develop a deeper understanding of the wants and needs of medical doctors by means of information.
“As we continue to connect healthcare professionals globally to build healthier lives at scale, it’s incumbent on us to continue to push boundaries as a nexus app for doctors – wherever they may be – to learn, connect and grow as a trusted healthcare community in a digital world,” Roychowdhury added.
About Docquity, https://docquity.com/
Docquity is Southeast Asia’s largest trusted skilled neighborhood of healthcare professionals. Our imaginative and prescient is to attach healthcare professionals to construct more healthy lives around the globe at scale. Docquity helps healthcare professionals to be extra collaborative, productive and impactful and companions with firms to succeed in, educate healthcare professionals and achieve insights on them.
Docquity has greater than 300,000 medical doctors on the platform and has places of work in India, Indonesia, the Philippines, Malaysia, Singapore, Thailand, Vietnam and the Taiwan area.
