Top Doctors® will invest 3 million EUR in international expansion
Top Doctors ® has recently announced an upcoming investment of three million euros to implement its internationalisation and technological development. The digital platform, leader in identifying the best doctors and medical centres from around the globe, has expanded to seven countries in just four years —Spain, Italy, the UK, Chile, Mexico, Colombia and also in the US, thanks to its US partners Castle Connolly America’s Top Doctors, leaders in identifying the best doctors, with their head office in New York. Top Doctors has now joined the ranks of the top-ten European digital e-Health companies which all have revenues of over three million euros per year, according to an EU market study performed by the consultancy e-Health Hub.
In order to continue with its consolidation strategy as a global company, operating in a wider number of markets, and with the aim of continuing to invest in new, cutting edge technology, Top Doctors® has received the support of Addventure, in the form of a series C venture round. In this round, Top Doctors® has repurchased holdings from Societat d’Inversió dels Enginyers, S.L. (Fons Enginyers), fund managed by Enginova (COEIC/AEIC) and Banc Sabadell, which successfully divests after entering the group in 2015. This investment round makes Top Doctors® one of the few Spanish e-Health companies to achieve a foreign capital investment on such a scale.
“We are facing a new stage of growth”, states Alberto E. Porciani, CEO of Top Doctors® Europe and LATAM. “We intend to continue strengthening our leadership on an international level, providing our patients with broader access to a continuously higher number of top-notch doctors throughout the world. This challenge includes a heavy investment in new technologies, adapting to telemedicine services and optimising our new medical app.”
In February, Top Doctors® presented its new medical app developed at the Mobile World Congress in Barcelona, Spain. The app boasts a pioneering symptom checker offering users an instant pre-diagnosis with a proven 90% accuracy rate. It will also allow users to contact an expert in their pre-diagnosed condition immediately via private messages. The symptom checker has been approved by the Spanish Medicine and Health Product Agency as a class 1 device. Through this new app, users will be able to access all the services the company has been providing as an online appointment service 24 hours a day, 365 days a year.
Doubling turnover year by year
Founded in 2013 in Barcelona by Alberto E. Porciani and Lorena Bassas, both well-known professionals in the health sector, Top Doctors® has doubled its revenue each year since it began in Spain. In four years it has expanded its personnel to 120 employees in offices around Europe and Latin America, with head offices in Barcelona and Mexico City, respectively.
The company has also positioned itself as the most trusted medical platform to find and reach the best medical specialists and centres in the world thanks to the most rigorous selection process worldwide. In fact, it is the only accredited website that selects its members due to their medical excellence and professional achievements, checked through an exhaustive auditing process that is certified by Adecco Medical & Science and evaluated by a committee of Clinical Leaders. The goal is to help patients reach the most qualified specialist for their condition and over 5 million patients have placed their trust in Top Doctors® to find their doctor and an additional 500,000 have booked their appointment in real time with the best doctors.