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Patient Intelligence Company Raises US$13 Million, Taking Its AI-Powered Doctor Discovery Platform Global

Operating in eight countries, DocDoc Pte Ltd has built one of the largest networks of doctors in Asia with over 23,000 doctors and 793 clinics and hospitals in its network.

DocDoc Pte Ltd, announced in August 2019 the close of an institutional capital raise of US$13 million. The financing was done on a convertible note and was led by Adamas Finance Asia Limited (ADAM), a London-listed investment company, alongside leading regional family offices, a fund managed by a global investment firm specialising in financial services and the Cyberport Macro Fund. This brings the total funding DocDoc has raised to date to US$24.6 million.

DocDoc is defining the category of patient intelligence. Its AI-powered doctor discovery platform is reimagining the patient journey by building a patient-centric healthcare ecosystem that supports patients throughout the continuum of care and empowering them with readily digestible medical information to make well-informed healthcare decisions. The proceeds raised will be used to support DocDoc’s market expansion and enhance its leading patient intelligence platform. Its current suite of product offerings includes doctor discovery, telemedicine, and cashless settlement.

It partners with insurance companies and corporations enabling them to reduce costs, provide a superior level of service and offer a differentiated product to their policyholders. DocDoc’s doctor discovery service delights customers using objective metrics derived from its HOPE (Heuristic for Outcome, Price and Experience) methodology.

DocDoc is embraced by Asia’s medical community and is best evidenced by the fact that it has enrolled over 96% of the doctors it has approached across the region over the past six months.

Cole Sirucek, DocDoc Co-founder and CEO commented: “We are excited to be moving from strength to strength with solid support from our investors and an ecosystem of exceptional partners. We believe in the potential of our patient intelligence platform to revolutionize and redefine the delivery of healthcare. Of course, we enable our partners to save money, boost engagement and delight their customers in measurable ways, but what is far more important is that we meaningfully help people.” [APBN]