Malaga-based Docline raises €3M in funding to consolidate its operations in Spain and expand to new markets

- January 11, 2023

Docline has raised a €3 million pre-series A funding round led by US-based global investment group SEAF and its spin-off fund EmergingTech Ventures. Also participated in the round Sherry Ventures.

The Malaga-based healthtech aims at being part of the solution to the current challenges of the sector by offering the most complete and integrable technological platform on the market, as well as a network of 5,000 digital doctors that allows it to provide Ad-hoc Digital Hospital responses to facilitate immediate 24/7 care in general medicine, pediatrics, and more than 20 on-demand specialties.

For Omar Najid, CEO and Co-Founder of the company, the main objective of this financing round is, on the one hand, the consolidation of Docline in Spain, and on the other, “to export our model to other emerging international markets where there is an opportunity to help companies positively impact the health and quality of life of millions of people”.

The company already operates in Morocco and Latin America, markets that Najid hopes to consolidate with this round of investment.

The support of these investment groups joins the confidence of large corporations such as MAPFRE, the Madrid College of Physicians (50,000 doctors), Vithas, Grupo San Juan de Dios, IVI or Grupo MOK, on Docline’s model and its commitment to investment in R&D in the healthcare sector.

Docline currently has a team of 33 people and is part of the Andalucia Open Future programme, an initiative promoted by the Andalusian Regional Government, the Malaga City Council and Telefonica to promote new technological projects in the region.

Automating and digitalizing health

Following its mission to make healthcare more accessible through technology, for anyone, anytime, anywhere, Docline, founded in 2016 by Omar Najid (CEO) and Roberto Medina (Medical Director), has gained the trust of its customers and investors by offering the solution to two of the most important problems in the healthcare sector: the delay in its digitalization and the lack of doctors.

To this end, Docline’s proposal offers the possibility of automating processes and digitalizing services by providing remote patient care through a complete suite of more than 15 functionalities, from communication (video consultations, medical chat, telephone calls) to the issue and receipt of private and approved electronic prescriptions thanks to its integration with more than 23,000 dispensing chemists in Spain.

To this end, Docline is a strategic partner for companies and private clinics, offering a virtual care model thanks to the most complete and integrable technological product on the market, through its robust API, and a network of 5,000 digital doctors.

This makes up for the current shortage of medical professionals in insurance companies, where patients take an average of four weeks to be able to see a specialist from the time they request it.