HealthTech company Doctrin raises SEK 100 million in financing round led by Capio and HealthCap to fuel further expansion and AI-development
HealthTech company Doctrin raises SEK 100 million in a Series A round led by healthcare provider Capio and Life Science fund HealthCap, with Inbox Capital and Norrsken Foundation as co-investors. The investment enables Doctrin to accelerate expansion in Sweden and internationally, as well as further developing and implementing artificial intelligence in its current products.
Doctrin was founded in 2016 with the purpose to radically improve health care through supporting healthcare providers in digitising the patient journey. The company’s digital platform allows healthcare providers to prioritise, treat and follow-up with patients – safe, secure and online. First, the patient describes her symptoms by using a smartphone. When appropriate, treatment is provided through the digital care environment and when required a physical meeting takes place. The results from implementation have proven successful with a 98% patient satisfaction. In addition, patient-physician time is used more efficiently when the physician is provided with a digital summary of the patient’s medical history.
”We have seen that our solutions really work. Our next step is to develop transformative AI-systems to analyse medical images, text and data. This means that health care providers and patients can get recommendations on the kind of care needed, level of urgency as well as diagnosis and treatment,” says Magnus Liungman, CEO and co-founder of Doctrin.
In addition to developing intelligent decision support systems, the investments will be used to create solutions within areas other than primary care as well as international expansion.
”As a first step, we are providing 750 000 patients at our 83 primary care units in Sweden with the solutions from Doctrin. This collaboration is one of our most important initiatives to improve the health care for our patients through a unique combination of digital services and the physical care provided by Capio”, says Thomas Berglund, group CEO.
Among the new investors are venture capitalist funds HealthCap, one of Europe’s largest and most successful Life Science funds, as well as Inbox Capital. Norrsken Foundation and Capio, both previous investors, also participate in this round.
”The need for future qualitative and accessible health care is a big challenge. Doctrin’s digital solutions have the potential to radically improve the health care system for all stakeholders, in Sweden and internationally. We look forward to being a part of Doctrin’s journey as they continue to develop advanced digital products.”, says Staffan Lindstrand, partner at HealthCap.