{"id":51182,"date":"2022-09-05T11:17:57","date_gmt":"2022-09-05T03:17:57","guid":{"rendered":"http:\/\/www.upgrademag.com\/web\/?p=51182"},"modified":"2022-09-05T11:17:59","modified_gmt":"2022-09-05T03:17:59","slug":"docquity-raises-44m-in-series-c-round-led-by-itochu-corporation","status":"publish","type":"post","link":"http:\/\/www.upgrademag.com\/web\/2022\/09\/05\/docquity-raises-44m-in-series-c-round-led-by-itochu-corporation\/","title":{"rendered":"Docquity raises $44M in series C round led by Itochu Corporation"},"content":{"rendered":"\n

Docquity, Southeast Asia\u2019s largest community of healthcare professionals, announced that it had raised a total of US$44 million in its Series C financing round, led by existing investor Japan\u2019s Itochu Corporation with US$32 million.\u00a0<\/strong><\/p>\n\n\n\n

Other investors supporting this round included iGlobe Partners, Alkemi, Global Brain, KDV, and Infocom. To date, Docquity has raised US$57.5 million. <\/p>\n\n\n\n

The funding round comes on the heels of almost two-fold growth in revenue achieved in 2021. This new funding will further strengthen Docquity\u2019s scale in its operations within existing markets and drive the company\u2019s ongoing growth momentum in Asia and globally. <\/p>\n\n\n\n

\u201cInvestors see that we can achieve what we set out to do. We are now reaping from the foundations we have built over the years; enabling Southeast Asia\u2019s largest healthcare professional community to build healthier lives at scale and mitigating geography and knowledge boundaries for doctors,\u201d said Docquity CEO and Co-Founder, Indranil Roychowdhury. \u201cThis round of funding affirms the opportunities and potentials in Docquity\u2019s scalable business model.\u201d<\/p>\n\n\n\n

Hiroshi Kajiwara, Executive Officer, Chief Operating Officer, ICT Division, ICT & Financial Business Company of Itochu Corporation said, \u201cIt has been our great pleasure to invest in Docquity. We have seen the company grow from strength to strength since the early days – from bringing in some of the best people to scaling the business into a thriving community of doctors and clients in Southeast Asia. We are excited to further support the expansion of Docquity\u2019s business in Asia.\u201d<\/p>\n\n\n\n

Doctors remain a core focus<\/strong><\/p>\n\n\n\n

As the platform that connects two out of three doctors in Southeast Asia, Docquity has more than 300,000 doctors learning, connecting, and collaborating through knowledge exchanges and verified content across multiple medical specialties. The goal is to help doctors be more informed and make better-diagnosed decisions. <\/p>\n\n\n\n

Docquity focused on data insights such as doctors\u2019 behaviors and tailored the consent-driven platform so that it is secure, real-time, and easy to use. In the Philippines, more than 7 in 10 doctors are part of the community. <\/p>\n\n\n\n

A trusted network of partnerships drives momentum<\/strong><\/p>\n\n\n\n

The company\u2019s collaboration model depends on the trust earned from the growing healthcare community to enable doctors to learn, network, and provide the best healthcare for their patients. Docquity partners with more than 250 medical associations in Southeast Asia, not only to develop learning modules for its users but also to deliver more than 4.2 million continuing medical education (CME) credits to date via the platform, helping doctors meet their compulsory CME requirements. <\/p>\n\n\n\n

With the growth of digital transformation impacting the healthcare industry, Docquity also partners with pharmaceutical, consumer healthcare, and MedTech companies to reach and educate healthcare professionals and share insights based on engagement on the platform. <\/p>\n\n\n\n

Investing in healthier lives in Southeast Asia and beyond<\/strong><\/p>\n\n\n\n

This latest investment will be used to further strengthen Docquity\u2019s presence across Southeast Asia, including Indonesia and the Philippines, and further penetrate into new markets in North Asia such as Japan and the Taiwan region \u2013 building on the growth momentum in Asia. <\/p>\n\n\n\n

In addition, Docquity aims to expand into the Middle East, starting with the United Arab Emirates, Saudi Arabia and Egypt. <\/p>\n\n\n\n

\u201cAs we continue to connect healthcare professionals to build healthier lives at scale, it\u2019s incumbent on us to continue to push boundaries as a nexus app for doctors \u2013 wherever they may be \u2013 to be collaborative, productive, and impactful as a trusted healthcare community in a digital world,\u201d Roychowdhury added. <\/p>\n","protected":false},"excerpt":{"rendered":"

The funding round comes on the heels of almost two-fold growth in revenue achieved in 2021. This new funding will further strengthen Docquity\u2019s scale in its operations within existing markets and drive the company\u2019s ongoing growth momentum in Asia and globally.\u00a0<\/p>\n","protected":false},"author":6,"featured_media":51183,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[96,2727,1656],"class_list":["post-51182","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-headlines","tag-technology","tag-technology-adaption","tag-technology-investment"],"_links":{"self":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/posts\/51182","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/comments?post=51182"}],"version-history":[{"count":0,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/posts\/51182\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/media\/51183"}],"wp:attachment":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/media?parent=51182"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/categories?post=51182"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/tags?post=51182"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}