DOCDOC WILL EXPAND INTO HONG KONG WITH A NEW OFFICE AND SET UP BASE IN CYBERPORT
SINGAPORE, 27 February 2019 – DocDoc Pte. Ltd., Asia’s leading patient empowerment company, is pleased to announce that it has secured a strategic investment from Cyberport Macro Fund (CMF), following which they will open a new office in Hong Kong’s Cyberport. This recent investment from CMF brings the total funding DocDoc has raised to date to US$18.5 million.
DocDoc, combining Asia’s largest network of doctors with a powerful AI-powered doctor discovery platform, will use the proceeds from its latest fundraising to expand its market presence in Hong Kong and strengthen its network of doctors in the region. It will leverage the Cyberport facilities, infrastructure and its network to continue to expand its insurance footprint in the region, providing data-driven doctor discovery services to insurance policyholders.
“We believe the investment from CMF reflects Cyberport’s commitment to empower leading health technology companies. We are proud to have received this tremendous vote of confidence from Cyberport and look forward to embarking on the next wave of growth alongside Hong Kong’s thriving Cyberport community of ultra-innovative high-growth companies. By putting the patient first within our product suite of doctor discovery, telemedicine, and cashless settlement, we seek to deliver a fundamentally better experience to our users and offer our insurance partners an unrivalled competitive edge,” said Cole Sirucek, DocDoc Co-founder and CEO.
Cyberport is an innovative digital community in Hong Kong, and has accelerated the growth of the city’s vibrant technology community. The innovation hub combines world-class facilities, capital investments, and a vision to develop the digital technology industry as a key economic driver for Hong Kong.
“Cyberport is committed to promoting and facilitating the development of digital technology. The Cyberport Macro Fund in cooperation with resourceful tech investors aims at providing funding to tech start-ups with high growth potential. I believe this co-investment fund can help to connect start-ups with suitable investors and open up more funding opportunities for entrepreneurs to grow their business.” Dr. George Lam, Chairman of Cyberport continues, “DocDoc is a member of the Cyberport community. The company combines an artificial intelligence powered doctor discovery platform with great customer service to effectively connect patients to high quality care based on the patient’s unique medical needs. This offering is available to insurance companies as a value-added service. I believe this unique business model can bring forth new momentum and innovation to the insurance market in Hong Kong and Asia. With the establishment of DocDoc’s new office in Cyberport, we look forward to this start-up’s bright future.”
DocDoc is Asia’s leading patient empowerment company. Operating in 8 countries with more than 23,000 doctors, DocDoc enables patients to find the right care at the right time. The company combines deep expertise in clinical informatics, artificial intelligence, and healthcare quality assessment to deliver simple yet powerful patient solutions.
Cyberport is an innovative digital community with over 1,200 technology companies. It is managed by Hong Kong Cyberport Management Company Limited, which is wholly owned by the Hong Kong SAR Government. With the vision to become a main force in developing the digital tech industry as a key economic driver of Hong Kong, Cyberport is committed to nurturing youth, start-ups and entrepreneurs to grow in the digital industry by connecting them to strategic partners and investors, driving collaboration with local and international business partners to create new opportunities, and accelerating digital adoption amongst corporates and SMEs.
Cyberport focuses on building five key clusters of digital tech, namely E-sports/digital entertainment, FinTech, AI/big data, smart city/smart living, and blockchain solutions, to foster the development of Hong Kong into a “Smart City”. With a committed team of professionals providing all rounded value added services to support our digital community and an array of state-of-the-art tech facilities, Cyberport is the flagship for Hong Kong’s digital tech industry.
For more information, please visit www.cyberport.hk