Sweden’s Doktor.se raises €29.5 million from Tencent in advance of IPO

Sweden’s Doktor.se raises €29.5 million from Tencent in advance of IPO

Stockholm-based digital healthcare provider Doktor.se has secured €29.5 million in funding from Tencent Holdings. This funding is an extension to a round announced back in May that saw the firm take home €50 million. Including this extension, Doktor.se has garnered approximately €160.5 million in funding.

Founded in 2016, Doktor.se is the second most downloaded doctor app in Europe according to Appfigures, a number which places it above competitor Kry. Over the course of 2020, Doktor.se provided over 1.2 million patient consultations via their countrywide physical locations and globally available app.

The investment from Tencent arrives at a key moment in the company’s development, as Doktor.se previously indicated that, "an aggressive series of acquisitions and digitisation of physical clinics are planned," and in an interview with di.se, CEO and co-founder Martin Lindman commented, “Our ambition is to carry out a listing during the first quarter of 2022.”

The Tencent investment remains on the same terms. They will invest €29.5 million, out of which €23 million will be new capital and €6.5 million from existing shareholders. The round was led by Consensus Asset Management and included Norron and Skabholmen Invest, among other undisclosed parties.

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