Modus Capital led the round with participation from 212 Capital, QSTP, Kasamar Holdings, Dharmendra Ghai, Innoway and other unnamed investors.
Last week Emirati startup Meddy scored $2.5 million in Series A funding for its doctor search and booking platform. The latest infusion of cash was led by Modus Capital with participation from 212 Capital, QSTP, Kasamar Holdings, Dharmendra Ghai, Innoway and other unnamed investors.
As part of the funding news the company named Kareem Elsirafy, a partner at Modus Capital, as a new board member.
WHAT THEY DO
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The platform, which is currently up and running in Qatar and the United Arab Emirates (UAE), allows patients to search doctors that meet their criteria and need. Users can search for general care, such as internal medicine or OB/GYNs and specialty care, such as a urologist or endocrinologist.
On the provider side, the site has offerings to help practices manage booking, patient reviews and analytics.
WHAT IT’S FOR
The new cash will be put towards expanding the company’s coverage in UAE. While it currently covers Dubai and Sharjah, the new money is set to help it expand into Abu Dhabi and other emirates.
“In the last six months, we have more than doubled our bookings and provider network in the UAE,” Haris Aghadi, CEO at Meddy, said in a blog post announcing the deal. “We are excited to have more fuel to keep working on our mission to help patients make informed health decisions.”
MARKET SNAPSHOT
There are a number of doctor booking platforms in the US. One major player in the field is Doctor.com, a New York-based company that helps doctors manage their online presence and book appointments. Additionally, in 2018 Doximity, a social network for doctors, teamed up with US News & World Report to developed a tool that lets patients book appointments while they are looking at doctor’s on profiles in USNews.com.
In terms of platforms that help with marketing, another big name is PatientPop, a Santa Monica, California-based company that offers doctors a marketing service to grow their practice. Last year it raised an additional $25 million in funding.
Source: Mobihealth News
