Okadoc, a Dubai-based doctor booking app, has raised $10 million in what it claims is the largest Series A for a healthtech company in the region. The round takes the total funding raised by Okadoc to more than $12 million.
The investment round was joined by a variety of institutional and private investors including Abu Dhabi Investment Office (ADIO) and Ithmar Capital Partners.
Fodhil Benturquia, founder and CEO of Okadoc, said:
“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.”
Founded by Benturquia in 2018, Okadoc allows users to book ‘instant’ appointments with doctors using its web and mobile apps mainly in Dubai and the United Arab Emirates. Patients can search for suitable doctors based on their insurance network, location, specialty, language spoken or gender. They can then view their availability in real-time and book appointments.
Benturquia said the platform currently covers over 60% of doctors in the UAE and plans to use some of the investment to expand in Saudi Arabia and the rest of the GCC region. The Series A will also enable the startup to launch telemedicine, allowing doctors to offer remote virtual consultations to 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 will also greatly benefit underserved populations with limited access to healthcare,” said the company in a statement.