Creaegis Leads $35 Mn Funding Round For Startup Doceree


Doceree, a network of physician-only platforms for programmatic messaging, has scooped up USD 35 million in a Series B round led by Creaegis. The round was led by technology investment firm Creaegis and saw participation from existing investors, including Eight Roads Ventures and F-Prime Capital. Financial advisory firm Investec served as the advisor for the transaction.

Previously, it raised USD 11 million in its Series A round in April last year.

The funds will enable Doceree to accelerate product development, augment technologies, scale global expansion, and expand team, the company said in a press release.

While Doceree is yet to file its annual financial statement for FY23, it claims to have grown more than 100 per cent in the last year with monthly revenue rising five fold since the Series A round.

In May, Doceree collaborated with Hello Health Group to foray into eight Southeast Asian countries including Vietnam, Indonesia, Malaysia, Cambodia, Myanmar, Singapore, Philippines and Taiwan.

Homegrown private equity fund Creaegis recently closed its maiden fund at about USD 426 million. The fund is looking to build a portfolio of 12 to 15 growth stage companies and will back roughly four companies annually. Its portfolio includes Medikabazaar, Zopper, and Kale Logistics among others.

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