Berlin-based Doctorly raises $10M for its healthcare system development
The Berlin-based startup Doctorly which develops cloud-powered practice management software for doctors has received $10 million in a Series A round from seven VC funds, among them Austrian Speedinvest, UNIQA Ventures, and Calm/Storm. The new funding will be used to further accelerate its growth in the German market, Tech.eu reports.
- Founded in 2018 by Samir El-Alami, Nicklas Teicke, Anna Von Stackelberg, Sebastian Lau, and Alexandru Boghean, with Julian Teicke as a founding investor, Doctorly builds disk-based operating (DOS) for medical practices that give patients full access to their health records and data. The startup claims that its solution can reduce 50% time on admin tasks for doctors to enable them to focus on providing care.
“We know that medical professionals are very open to digitization, but because their mandatory, core practice software is so old and unable to integrate with modern technologies, they are simply trapped in the past. This has a knock-on effect on patients and the wider healthcare industry. This is the biggest blocker to innovation in primary healthcare, and we have built a new operating system that works for them,”Samir El-Alami, CEO and co-founder of Doctorly, said.
- The startup was supported by Vancouver-based WELL Health Technologies which focuses on healthcare providers, Hong-Kong-based Horizons Ventures with some of the latest exits in Skype, Siri, Facebook, Summly, and Waze, and German venture studio The Delta.
- Among leading investors are Austrian VC funds Speedinvest which recently led €2 million round for German konfetti, UNIQA Ventures that led €10 million round for Madrid-based health tech startup ifeel in November 2022, and Calm/Storm that supported Austrian startup Hi.health in a €6 million round.
- With the fresh investment, Doctorly plans to accelerate its growth in Germany, deliver new features and functionality, and help to reduce costs and time for healthcare professionals.