DLA Piper has advised Doc+, one of the largest Russian digital health startups, on a USD 5 million round of financing from existing investors Baring Vostok, a Russian private equity fund, and Yandex, one of Europe's largest Internet companies.
The startup already partnered with Yandex.Health, an online medical consultation service, and raised USD 5.5 million in the previous round from Baring Vostok and Yandex in July 2016.
According to DLA Piper, Doc+, which was founded in 2015, "is ranked top-20 in Europe and earned revenues of USD 1.2 million in 2016 with 70,000 app installations and 60,000 doctor visits. The new injection of money will be used to develop advanced digital health services, and to expand the core business of on-demand visits and telemedicine consultations of Doc+."
DLA Piper's Moscow-based team was led by Partner Leo Batalov and included Senior Associate Andrei Sheetkin and Associate Tatiana Askarova.