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DocPlanner raises $10M for doctor network

European startup to go from listing site to booking marketplace

Financial trends and news by Bambi Francisco Roizen
May 13, 2015
Short URL: http://vator.tv/n/3dc7

DocPlanner, an online platform to book appointments with doctors and dentists, secured $10 million in new financing, led by the European Bank for Reconstruction and Development, through its venture capital investment program, and angel investor Lukasz Gadowski, as well as angel investor Fabrice Grinda. Existing investors, Point Nine Capital and Piton Capital also contributed.

The new round brings the total amount raised up to $14 million, including an original seed round of $1 million and a Series A round of $3 million.

Today, DocPlanner, which is based in Warsaw Poland, is availalbe in 25 markets and 20 countries across Europe, and the market leader in four countries, including Poland, Turkey, Hungary and the Czech Republic, said founder and CEO Mariusz Gralewski. Even though the site was founded five years ago, Gralewski only started working on it three years ago, when he saw that the site had become popular, even as a simple listing service.

"We started like TripAdvisor, listing all doctors across the country and encouragin users to post reviews," he said. "We then had a turning point as the site moved from listing service to more of a marketplace."

Three years ago, the site had 200,000 reviews. Today, it has one million reviews, and is offering online booking and patient management. The site is seeing seven million unique monthly visitors and 100,000 appointments booked in that time. Doctors are paying 50 Euros a month, said Gralewski, noting that the company also is on track to generate $4 million dollars annually.

Going forward, the company is looking to expand to Latin America and Indonesia.