Participated · Series A · Mar 2023

doctorly builds a regulated, cloud-based operating system that replaces legacy practice management software used by medical practices. The product aims to cut administrative time by up to 50% and unifies billing, records, calendar, prescriptions and insurance workflows for doctors. The company sells via B2B and B2C models and claims to be the only VC-backed firm in Germany authorised to sell into the legacy practice management software industry. In 2023, just under 20% of practices contacted signed contracts, and conversion rates have improved quarter over quarter. Launched in 2022, doctorly plans to use fresh capital to expand growth in Germany, add platform features, and recruit to support commercial expansion. The team positions the product as a full replacement for legacy systems rather than an add-on service. doctorly offers a software platform designed to simplify and improve interactions between doctors, patients and the wider healthcare industry. Its product suite includes a SaaS-based practice management system and a patient health app. The company raised €9.4M in a Series A round. It intends to use the funds to expand operations and its business reach within Germany and to develop new technology features. doctorly was founded in 2018 and lists Samir El-Alami, Anna Von Stackelberg, Nicklas Teicke, Sebastian Lau, and Alexandru Boghean as founders. The business is based in Berlin, Germany. Doctorly builds practice management software for doctors and also provides a patient health app and an integration platform that enables third‑party developers to embed tools into the platform. Founded in 2017, the company says it aims to replace outdated practice management systems used by doctors in Germany and internationally. Its patient app digitizes the relationship between patients and their doctors and complements its core practice management product. The team conducted research with thousands of doctors and nurses and reports that healthcare professionals spend roughly 75% of their working day interacting with legacy software. Doctorly recently raised $5.6 million in a funding round led by Speedinvest.

Led · Seed · May 2020

Phelix.ai develops a suite of automation products for the health sector, including fax automation, call-centre automation, booking automation, two-way patient messaging and workflow analytics. Its conversational AI engine uses natural language understanding to triage and action administrative and clinical requests by phone, text, or a virtual website agent. The product can schedule, connect, and auto-bill for secure phone visits as well as in-person or video-based virtual care without integrations, operating through a single phone line per physician. The company says its tools can free up to 75% of time spent on workflow tasks, allowing frontline healthcare workers to focus on patient care. Phelix.ai recently launched a public health assistant for COVID-19 triage, follow-up, and contact tracing, and its Intake Assistant is deployed with diagnostic imaging providers across North America. Planned uses of new capital include building out solutions, growing the team, and expanding across channel partners.

Led · Convertible Note · Mar 2020

Insig is a Toronto-based telehealth company that lets patients submit detailed histories and reasons for visits via questionnaires, transforming that information into physician-ready medical notes. The company’s technology supports virtual consultations through video, phone, and secure messaging and will be offered as part of a product called VirtualClinic+. Insig entered a strategic partnership with WELL Health to commercialize its telehealth software to WELL’s patients and providers. Financially, WELL invested $5.94 million and became Insig’s largest shareholder, with WELL’s CEO joining Insig’s board. The financing included a $3.94 million purchase of common shares and a $2 million loan structured as a convertible note. WELL said it will rapidly ramp the program amid increased COVID-19-driven demand and has already onboarded physicians from its corporate clinics in British Columbia and Ontario.

Participated · Equity · Nov 2018

Circle Medical offers full‑service primary care both in‑person (San Francisco Bay Area) and via nationwide telemedicine, enabling ongoing relationships for preventive care, chronic condition management, mental health, medications, referrals and urgent issues. All physicians are board‑certified in family or internal medicine and the practice is in‑network with all PPOs and most HMOs without charging membership or extra fees. The company builds its own technology platform to scale care and is affiliated with UCSF and backed by Y Combinator, A. Capital and Collaborative Fund. Leadership (CEO and co‑founder George Favvas) says the new funding will expand platform capacity and increase the number of physicians. Growth plans in the article include more than tripling revenue over the next 12 months and opening 22 clinics across six markets over three years. The service mix and insurance participation aim to make primary care accessible and cost‑effective for insured patients. Circle Medical operates a full-stack medical practice and builds the software to run it, using patient-facing iOS and Android apps to automate scheduling, billing and medical records. Physicians are employed full-time by affiliated practices that operate exclusively on the Circle Medical platform, and physician tools use automation and AI informed by medical data from 20,000 patients. The company powers telemedicine and pop-up clinics at 22 employer sites and runs a flagship clinic across from the Salesforce Transit Center in San Francisco. Funding will be used to scale the company’s employer offering and expand its corporate pop-up clinic footprint. Circle Medical reports a $2.6M annualized revenue run rate, up 3x year over year, and says it is on track to be profitable next quarter. The company emphasizes lower costs and faster innovation through its integrated practice-and-software model. Circle Medical operates an on-demand primary care service that dispatches physicians for non-urgent visits, with each clinician bringing a medical kit and privacy blinds. Patients use the iOS or Android app to scan their insurance card, verify coverage and costs, choose a date/time/location, and track the attending physician. The service covers routine care such as checkups, flu shots, blood work and other standard physician services rather than urgent care. Circle Medical accepts Anthem Blue Cross, Blue Shield of California, United Healthcare, Aetna, Health Net, and Cigna plans and charges the same copay as a doctor’s office. Services are currently available only in San Francisco with operating hours from 8:00 a.m. to 8:00 p.m. The company raised a seed round to increase brand awareness and marketing.