23 Jul '18
An international consortium of government and private funds, including the sovereign Russian Direct Investment Fund (RDIF), the Russo-Japanese Investment Fund and a number of sizable Middle East funds, earlier this summer raised $4m for Doctis, a Russian telemedicine service.
At the moment of deal closing the funds secured a 27.4% stake in the innovative service.
The project aims at helping people keep track of their health status without having to leave the comfort of their homes.
The investment is to be funneled into the upgrading of the technology and the fine-tuning of Doctis’ proprietary mobile app. Mid- and long-term plans include an increase in the number of physicians who tap into the technology to provide online consultations, the introduction of artificial intelligence (AI) in the operation, and the creation of Russia’s number one digital clinic by 2020.