Doctorly, a Berlin, Germany-based medical practice management software startup, raised $10 million in Series A funding.
The investment was from investors WELL Health Technologies and Horizons Ventures. Other investors in the round include The Delta, Speedinvest, UNIQA Ventures, Calm/Storm Ventures, and Seedcamp.
The startup's goal is to scale in its home market by 2023, and it intends to use the funds to expand its sales and marketing teams. Doctorly plans to invest in accelerating its growth in Germany, which, alongside adding new features to its software, will involve building out sales and marketing teams.
Samir El-Alami, CEO and founder of doctorly, said: “This funding round is a strong validation of our vision for a significantly better digitized and efficient healthcare system, which is backed by excellent customer feedback and very positive sales traction.”
Doctorly helps medical practices—like GPs, urologists, gynecologists, and pediatricians—manage things like medical records, prescriptions, interoperability with labs and medical devices, billing, and appointments.
Doctorly says it’s the only VC-backed startup in Germany with regulatory approval to break into the legacy practice management software industry.
Company: Doctorly GmbH
Raised: $10.0M
Round: Series A
Funding Month: March 2023
Lead Investors: WELL Health Technologies and Horizons Ventures
Additional Investors: The Delta, Speedinvest, UNIQA Ventures, Calm/Storm Ventures, and Seedcamp
Company Website: https://www.doctorly.de/
Software Category: Practice Software
About the Company: Founded in 2018 by Samir El-Alami, Nicklas Teicke, Anna Von Stackelberg, and Sebastian Lau, Doctorly is a healthtech startup with a mission of 'enabling people to live healthier lives'. Doctorly provides a digital-first, cloud-based, fully centralized practice management platform for doctors, a health app for patients, and an integration platform for the wider health industry. It spent four years developing its product before getting approved by the German regulator the Kassenärztliche Bundesvereinigung (KBV) and launching at the start of 2022. Doctorly helps with booking and scheduling, automated billing, electronic health record management, and more. Doctorly believes that technology, hand in hand with medical professionals, can create a truly modern and exponentially more effective approach to health care.
Source: https://sifted.eu/articles/doctorly-raise-news/