Telehealth Specialist Doctolib Climbs To $6.4B Valuation

Doctolib, a Paris-based online booking management software provider for physicians in Europe, recently scored $550 million (500 million euros) in funding to bring its total value to a whopping $6.4 billion (5.8 billion euros).

The valuation comes roughly three years after a watershed early-investment round of $170 million that tripled the startup’s value into unicorn territory. The round was led by Eurazeo, with participation from existing backers General Atlantic and Bpifrance. Doctolib’s platform affords healthcare practitioners an advanced management software for handling patients and their appointments, in addition to furnishing a user-friendly online service meant to help patients in accessing care.

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Having already charted a successful expansion into Italy last fall, Doctolib leadership has earmarked the new money to support its plan of creating 3,500 jobs by 2027, which would lift its employee count to 6,000. The company also looks to augment its portfolio beyond appointment booking. A platform for consolidating medical documents as well as an instant messaging service aimed at the healthcare community will be priorities for its pipeline. Following up on its foray into the Italian market, Doctolib will also invest $275 million (250 million euros) to shore up its software in that region, locally enlist 500 new employees, and build a new Tech Center in Milan.