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DLA Piper Advises Russian E-Health Startup on Funding from Baring Vostok and Yandex

DLA Piper Advises Russian E-Health Startup on Funding from Baring Vostok and Yandex

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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.

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Founded in 1993, Egorov Puginsky Afanasiev & Partners is the leading full-service law firm in the CIS with offices in Russia, Ukraine and Belarus and associated offices in the UK, the USA and Cyprus.

We advise its clients in many areas of law, including: dispute resolution in Russia and abroad, corporate law, M&A, antitrust issues, project finance and PPP, restructurings and insolvencies, energy and natural resources, property management and privatization, environment, technical regulation and industrial safety, banking and finance, intellectual property, criminal law, real estate and construction, taxation, family and labour disputes, marine and transport law, and international trade and customs.

We combine high academic qualifications, internationally acknowledged moral and ethical values, senior partners' professional experience and practical abilities with the vigour and knowledge of younger attorneys that enables thus providing clients with reliable, first-class service according to both Russian and western standards through a flexible structure.

All News about, and Legal Analysis by, Egorov Puginsky Afanasiev & Partners can be found here.

Firm's website: www.epam.ru


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