Funding round
Doctolib Growth
Reported as "Growth Equity"
Doctolib, which works in healthcare software suite development in Levallois-Perret, raised $170M in a Growth round announced on 20 Mar 2019, led by General Atlantic, at a $1.13B post-money valuation. 5 firms took part, 4 of them already investors. It is Doctolib's second venture round on record; the one before was a Series B in Oct 2015.
$170M
Amount raised
150,000,000 EUR converted
$1.13B
Post-money valuation
5
Investors
1 lead
15%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Doctolib at $1.13B after the new money. The $170M bought investors about 15% of the company. It came 41 months after Doctolib's Series B. It is 23% of the $740M Doctolib has raised in the venture rounds on record. Doctolib raised again 36 months later: a Growth round of $550M in Mar 2022, at $6.40B post-money.
Investors
Who put money in
General Atlantic led the round with 4 other firms. Accel, Bpifrance, Eurazeo and Kernel Capital had backed Doctolib before.
Lead investor
- General Atlantic backs 134 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing and scaling operations.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
Comparable rounds
How it compares
226 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $45M, and this round was 3.8 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 27 Mar 2019 | $50M | not disclosed | Great Hill Partners |
| Tech Companies | 26 Mar 2019 | $50M | $380M | not named |
| Tech Companies | 4 Mar 2019 | $47M | not disclosed | Warburg Pincus |
| Tech Companies | 20 Mar 2019 | $45M | not disclosed | JPMorgan Chase & Co. |
| Tech Companies | 14 Mar 2019 | $41M | not disclosed | Aldrich Capital Partners |
| Tech Companies | 25 Mar 2019 | $40M | not disclosed | Perceptive Advisors |
| Tech Companies | 7 Mar 2019 | $34M | not disclosed | not named |
| Seismic Tech Companies | 14 Mar 2019 | $32M | not disclosed | not named |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Doctolib raise in its Growth round?
Doctolib raised $170M in its Growth round, announced in Mar 2019.
Who led Doctolib's Growth round?
General Atlantic led it, with Accel, Bpifrance, Eurazeo and Kernel Capital.
What was Doctolib's valuation at the Growth round?
$1.13B post-money.
How does it compare with other Growth rounds in Tech Companies?
226 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $45M, and this round was 3.8 times the median.
Did Doctolib raise again after this round?
Yes: a Growth round in Mar 2022 of $550M at $6.40B post-money.