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French-German startup Doctolib get unicorn status with a 150 million euro fund raising

FILE PHOTO: Stanislas Niox-Chateau, Co-Founder and CEO of Doctolib, poses at the entrance of the headquarters of the company in Paris, France, 27 November 2017. REUTERS/Benoit Tessier

PARIS (Reuters) – the French-German start-up Doctolib, an online booking platform for doctors, has increased by 150 million euros in a group of investors led by US venture capital giant General Atlantic, said Tuesday.

The fundraising brings the company’s valuation to more than 1 billion euros ($1.14 billion), said in a statement, that to the coveted club of so-called “unicorns” — or startups that are valued above that threshold.

General Atlantic, the $31 billion in assets under management, which specifically invested in China ‘ s largest e-commerce company Alibaba and a flat-sharing app Airbnb, made health one of the most important fields in which to invest.

Doctolib of the existing investors, including investment firm Eurazeo, France’s state-owned investment bank Bpifrance, and venture capital funds, Kernel and Accel, also took part in the round of the company on the fifth place.

The six-year-old group, based in Paris and Berlin, has not yet reached break-even, and gives no information on the financial figures.

It says that it receives around 30 million online visits from patients each month and works with more than 75,000 doctors, who subscribe to the online service for 109 euros per month.

Doctolib the software wants to cut the so-called “no-show” rate, or the number of people who don’t show up for their medical appointments.

It also wants to ease doctors’ day-to-day communication with patients via the remote control of the visit by the computer and the sharing of health documents on the platform.

Doctolib intends to spend the new funds to double the employees to 1,500 in the next three years. The aim is also to expand with these two markets internationally, but fell to the only goal. ($1 = 0.8810 euros)

Reporting by Mathieu Rosemain and Gwenaelle Barzic; Editing by Bate Felix

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