Funding round
Doctolib Growth
Reported as "Growth Equity"
Doctolib, which works in healthcare software suite development in Levallois-Perret, raised $550M in a Growth round announced on 15 Mar 2022, led by Eurazeo, at a $6.40B post-money valuation. 3 firms took part, 3 of them already investors. It is Doctolib's third venture round on record; the one before was a Growth in Mar 2019.
$550M
Amount raised
500,000,000 EUR converted
$6.40B
Post-money valuation
$5.85B pre-money
3
Investors
1 lead
5.6x
Step-up from the Growth
$1.13B in Mar 2019
8.6%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Doctolib at $6.40B after the new money, 5.6 times the $1.13B of its Growth (Mar 2019). The $550M bought investors about 8.6% of the company. It came 36 months after Doctolib's Growth. It is 74% of the $740M Doctolib has raised in the venture rounds on record. No later venture round is on record for Doctolib.
Investors
Who put money in
Eurazeo led the round with 2 other firms. Eurazeo, Bpifrance and General Atlantic had backed Doctolib before.
Lead investor
- Eurazeo backs 103 venture-backed companies existing investor
Also in the round
- Bpifrance existing investor
- General Atlantic backs 134 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
437 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $58M, and this round was 9.5 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 16 Mar 2022 | $250M | $1.00B | Vista Equity Partners |
| Tech Companies | 31 Mar 2022 | $200M | not disclosed | Andreessen Horowitz |
| Tech Companies | 16 Mar 2022 | $110M | $1.30B | Index Ventures and Coatue |
| Tech Companies | 7 Mar 2022 | $85M | $700M | Santander Holdings USA, Inc. |
| Tech Companies | 1 Mar 2022 | $75M | not disclosed | Goldman Sachs Asset Management |
| Tech Companies | 24 Mar 2022 | $60M | not disclosed | Sixth Street Growth |
| Tech Companies | 29 Mar 2022 | $45M | not disclosed | Premji Invest |
| Tech Companies | 29 Mar 2022 | $40M | not disclosed | Novo Holdings and HealthQuad |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Doctolib raise in its Growth round?
Doctolib raised $550M in its Growth round, announced in Mar 2022.
Who led Doctolib's Growth round?
Eurazeo led it, with Bpifrance and General Atlantic.
What was Doctolib's valuation at the Growth round?
$6.40B post-money ($5.85B pre-money).
How does it compare with other Growth rounds in Tech Companies?
437 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $58M, and this round was 9.5 times the median.