Healthcare Professional Focused SaaS Startup Doceree Raises $35 Mn From Creaegis, Others

SUMMARY

The funding round also saw participation from existing investors Eight Roads Ventures, and F-Prime Capital

Doceree said it will utilise the fresh capital to accelerate product development, augment technologies, scale global expansion and increase employee headcount

Last year, the startup raised $11 Mn in its Series A funding round led by Eight Roads Ventures

Healthtech SaaS startup Doceree has raised $35 Mn in its Series B funding round led by Creageis. The round also saw participation from existing investors Eight Roads Ventures, and F-Prime Capital.

In a statement, the startup said it would utilise the fresh capital to accelerate product development, augment technologies, scale global expansion and increase employee headcount.

Founded by Harshit Jain and Daleep Manhas in 2018, Doceree claims to simplify marketing for pharma and medical devices companies. The startup provides a platform for healthcare professionals (HCP) for programmatic messaging with data proprietary tools. This platform allows messaging between life sciences brands and HCPs through a global network of digital endemic and point-of-care platforms to programmatically deliver personalised communications to HCPs at scale.

After offering its solutions in the US, India, and the European markets, Doceree has now expanded its operations to Africa, Southeast Asia, and the Gulf Cooperation Council (GCC).

The startup said that a line-up of smart and connected solutions from Doceree’s product portfolio are awaiting launch in the months to come. It claimed these products will bring a transformational change to the entire ecosystem globally.

Earlier, the startup raised $11 Mn in its Series A funding round, led by Eight Roads Ventures, in April last year. F-Prime Capital and Alkemi Growth Capital also participated in the round.

“Given we are a technology-driven platform, we will further invest on artificial intelligence and machine learning technologies to make the product even more intelligent,” Jain then told Inc42.

Doceree has developed an identity resolution proprietary technology platform called ESPYIAN, which helps create a database of verified and authentic medical and healthcare professionals.

Creagis, which led Doceree’s latest funding round, announced the final close of its maiden $425 Mn (INR 3,529 Cr) fund last week to invest in homegrown startups.