Empowering Healthcare Decisions: Doctify Raises $10M to Expand Global Reach

February 2, 2023

Author: Karan Bodh
Empowering Healthcare Decisions: Doctify Raises $10M to Expand Global Reach

Doctify, the medical care review platform, recently received a substantial $10 million funding boost led by Beringea, aimed at furthering its international expansion and team growth. Founded in 2015 by Stephanie Eltz and Suman Saha, both trainee surgeons at the time, Doctify emerged from a recognised gap in reliable and transparent online reviews for medical professionals.

The platform, drawing inspiration from successful models like TripAdvisor and Glassdoor, sought to empower patients with trustworthy information to make informed decisions about their healthcare providers. Stephanie Eltz, CEO and co-founder, emphasised the significance of this endeavor, stating, "Our health is the most precious thing we have. With Doctify, we are working on building the world’s most important healthcare platform to help millions of patients."

Since its inception, Doctify has garnered significant traction, with over 50 million patients across various countries, including the UK, Germany, Austria, UAE, and Australia, leveraging its platform for accessing reliable information on clinicians, dentists, care homes, and healthcare practices.

The recent funding round, led by Beringea and supported by existing investors such as Keen Venture Partners, Amadeus Capital Partners, and Guinness Ventures, reflects a strong endorsement of Doctify's mission and potential for growth. Carrie Babcock, Investment Manager at Beringea, highlighted the critical role Doctify plays in revolutionising the healthcare journey through patient reviews and professional endorsements between doctors.

Babcock pointed out the inconsistency between the abundance of reviews available for holiday rentals compared to the lack of transparency in healthcare provider reviews, emphasising the need to bridge this gap. "It makes no sense that consumers remain in the dark about healthcare providers, while they can find thousands of reviews for a holiday rental!" she remarked.

With this funding, Doctify aims to accelerate its growth in key international markets, enhance its product offerings, strengthen sales and marketing efforts, and bolster its team. The company's vision extends beyond merely providing a platform for patient reviews; it also offers essential tools for healthcare providers to better understand and benchmark their care, ultimately improving patient experiences and outcomes.

Doctify's impact is evident in its collaborations with renowned healthcare providers globally, including institutions like Cleveland Clinic, The Royal Marsden, HCA, The Mayo Clinic, and Priory Group. By facilitating connections between patients and healthcare providers, Doctify enables individuals to navigate their healthcare journeys with confidence.

As the healthcare industry undergoes rapid digital transformation, platforms like Doctify play a crucial role in empowering patients and enhancing transparency within the healthcare ecosystem. With continued support from investors and a steadfast commitment to its mission, Doctify is poised to reshape the future of healthcare, one review at a time.