Better Healthcare Practice Management with Next-Gen Software
Philipps & Byrne Assesses Healthcare Startup
Philipps & Byrne conducted the product and technology due diligence for Berlin-based HealthTech startup Doctorly during their Series A extension round with Simon Capital. Doctorly successfully raised €6.7 million, bringing their total Series A funding to €16 million.
- Location: Berlin, Germany
- Business Context: HealthTech
- Tech Landscape: SaaS
- Round: Series A Extension - €6.7 Million
Technology Due Diligence on Doctorly’s Healthcare Software
With their cloud-based solution, Doctorly is addressing the need for modernization of healthcare practice management. The platform promises up to a 50% reduction in administrative time, which would presents a significant leap forward for many practices.
The tech due diligence conducted by Philipps & Byrne focused on assessing Doctorly’s technological innovation, the scalability of its software, and the security measures crucial for handling sensitive healthcare data. Our in-depth examination covered the company's team and tech stack, development practices, compliance with healthcare regulations, and potential for market penetration. The findings from our assessment provided Simon Capital with a solid understanding of Doctorly's technological capabilities, potential risks, and opportunities, accompanied by actionable recommendations to support the company's growth trajectory.
About Doctorly
Doctorly is working on creating the future of digital health care with the vision of 'enabling people to live healthier lives'. They believe that technology, hand in hand with medical professionals, can create a truly modern and exponentially more effective approach to health care. With their unique B2B2B model, Doctorly provides all of the digital technology, tools, and support, via a single system, for a doctor to efficiently and digitally manage their practice and to engage with their patients like never before. They also enable patients to access, control and understand their own health records and data.
Visit: https://www.doctorly.de/
About Simon Capital
Simon Capital is an early-stage VC fund with €105M capital ready to invest in innovations that will improve our everyday lives, following the mission of investing “for the next generation”. They believe Capital means much more than mere money, and they truly believe in the merits of being nice people with a strong work ethic making smart choices and investment decisions without the need for fanfare or showmanship.
