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DocDoc Positioned to Become Global Leading Medical Tourism Company

2015-04-28 17:00

SINGAPORE, April 28, 2015 /PRNewswire/ -- DocDoc, Asia's largest doctor discovery platform, today announced the closing of its Series A round. The company raised a total of S$11.5M to further accelerate its growth across the region and to deepen its market penetration. DocDoc processes thousands of patient bookings a month and currently operates in Indonesia, Singapore, Malaysia, Thailand, Philippines, Hong Kong, South Korea and India. This announcement was made during InnovFest unBound 2015, Asia's most exciting innovation festival. DocDoc was one of three companies being showcased onstage at the event today.

"We are thrilled with the close of our Series A round of funding and welcome extraordinary investors to the DocDoc Family. In particular, we feel fortunate to have such a strong lead in Mr. Raymond Choong Yee How, President and Chief Executive Officer, Hong Leong Financial Group. It is also exciting to welcome Sparklabs Global Ventures (http://www.sparklabsglobal.com/) into the round. Both groups provide exceptional value to DocDoc as we build on our position in the region as Asia's leading doctor discovery and medical information company," said DocDoc's Co-Founder & CEO, Mr. Cole Sirucek. "Being an entrepreneur is hard work, and I am proud of the entire team at DocDoc. Their tireless dedication and commitment to excellence is what made this day possible."

"DocDoc is in a most fortuitous position to build a world leading company out of Singapore. South East Asia is already the capital of the world for medical tourism and so it makes a lot of sense that the world's leading doctor discovery engine comes from here. Our mission is to help South East Asia bolster its leading medical tourism position by effectively marketing the scale, scope and sophistication of the region's medical establishment," added Sirucek.

Mr. Raymond Choong Yee How, President, Hong Leong Financial Group said, "We are pleased to be part of this investment in DocDoc. The proliferation of information technology will transform healthcare and we are confident that DocDoc is well positioned to lead this, given its dynamic growth throughout the region."

Mr. Jay McCarthy, Co-Founder and Partner at SparkLabs Global Ventures also highlighted, "Sparklabs is ecstatic to be joining this round of investment and to be partnering with a talented group of entrepreneurs to help build an exceptional company. DocDoc is a company whose time has come as consumers increasingly turn to the internet to find out relevant information in selecting their physician. Moreover, the team at DocDoc is clearly demonstrating their ability to execute across multiple markets. We expect this to be a good one."

About DocDoc:

DocDoc was founded to transform the patients' healthcare experience through transparency in the doctor discovery process.

We provide a free service that enables patients to credibly research qualified healthcare professionals and understand their clinical interests, sub-specialties, assess their academic credentials and achievements, and book an appointment via any internet-connected device or use our concierge services.

DocDoc is founded by veteran professionals from both the healthcare and technology industries and funded by some of the most successful tech investors in the region. Our investors include: 500 Startups (leading Silicon Valley venture capital firm led by Dave McClure, formerly with PayPal and Facebook), and Michael Brehm (Founder of Rebate Networks, Business Angel of DailyDeal which was acquired by Google, brands4friends acquired by eBay, and scoreloop acquired by RIM). Other notable investors include William Hawkins, (former Global Chairman and CEO of Medtronic), Koh Boon Hwee (former Chairman of DBS bank, Singtel, and Singapore Airlines), Yoh-Chi Lu (Founder and Chairman of Biosensors International) and Hyder Ahmed (CEO of Broadpeak Investments).

For more information, please visit: www.docdoc.com

Contact: Angie Soh, Administrative Assistant, +65-6690-3348, or email: service@docdoc.com

About Hong Leong Group:

Hong Leong Group is a leading provider of financial services through the subsidiaries and associate companies of Hong Leong Financial Group Berhad.

The Group's Financial Services companies provide a broad spectrum of financial services -- commercial banking, treasury, insurance, investment banking, capital markets, stock-broking and asset management throughout Malaysia, Singapore, mainland China, Hong Kong, Vietnam and Cambodia. Based in Kuala Lumpur, our products and services are distributed via a diverse range of distribution channels.

Our vision is to be an integrated financial services group that consistently meets our customers' needs. Our goal is to become a leader in the financial services industry; a leader in each of the markets that we operate in.

About Sparklabs Global Ventures:

SparkLabs Global Ventures is a seed-stage investment fund. We believe business is now truly global, but most investors are not. Exceptional entrepreneurs that are building strong, category defining companies can be found anywhere. SparkLabs Global is a team of highly experienced entrepreneurs and operators based in London, Tel Aviv, Seoul, Singapore, Hong Kong and Palo Alto, CA that will focus on helping our entrepreneurs to develop, grow, network, and scale into other markets throughout the world.

For more information, please visit: www.sparklabsglobal.com

Contact:   Bernard Moon, Co-founder, +1-650-454-5244

Or  Jay McCarthy, Co-founder, +65-9363-1699

Source: DocDoc
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