Okadoc, an “instant doctor appointment” booking platform, closed its $10 million Series A round, following a $2.3 million seed round in 2018. A diverse mix of institutional and private investors participated in the Series A, including Abu Dhabi Investment Office (ADIO) and Ithmar Capital Partners.
With this investment, Okadoc will enable doctors to offer remote virtual consultations to their patients. This upcoming service will greatly enhance the patient experience by offering much-needed flexibility and convenience for patients to see their own doctors through a video consultation for follow-up appointments, pre-consultations and second opinions. The offering should greatly benefit underserved populations with limited access to healthcare.
“Our mission at Okadoc is to build and deploy technologies to improve the healthcare experience for everyone involved. We are fixing the broken patient experience that exists today while at the same time improving operational efficiency for payers and providers.”Fodhil Benturquia, Founder & CEO, Okadoc
Additionally, Okadoc has entered into a strategic partnership with Dubai Healthcare City (DHCC) and has further on-boarded some of the UAE’s leading healthcare providers, such as Medcare, Aster Hospitals, Emirates Healthcare Group in an attempt to decrease “no-show” rates for them. Along with the rapid expansion in the UAE, Okadoc also plans to expand operations into Saudi Arabia. The company hopes to penetrate the rest of the GCC next year.
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