DLA Piper has advised Doc+, a Russian digital e-health startup, on a USD 9 million financing from Vostok New Ventures.
Vostok New Ventures is a Swedish venture capital firm, specializing in growth capital and buyout investments, and its existing investors include private equity fund Baring Vostok and Internet company Yandex.
According to DLA Piper, this was the startup’s third investment round, having raised USD 5.5 million and USD 5 million in the previous two rounds from Baring Vostok and Yandex in July 2016 and June 2017 respectively.
Doc+ has also partnered with Yandex.Health, an online medical consultation service.
DLA Piper reports that the new capital injection will be used to develop the application further, explore new trends in digital health services, and advance custom solutions provided by artificial intelligence.
The DLA Piper team consisted of Partner Leo Batalov, assisted by Senior Associate Andrei Sheetkin.