‘Hospital at home’ startup Doccla raises $46 million for its European expansion

Date:

Share post:


Hospitals around the world regularly face bed shortages — an issue that can get exacerbated to breaking point when a health scare or other large-scale disaster occurs. A startup called Doccla is bringing technology to bear address the issue: it’s building “virtual bed” tech to help doctors remotely manage patients who have either been discharged early, or in some cases never go to the hospital at all. After gaining traction in the U.K. and Ireland, it’s now raised £35 million ($46 million) to expand in Europe.

Lakestar is leading the Series B round; Elaia and several existing investors are also participating. The funding comes two years after Doccla raised a $17 million Series A.

Doccla, which competes with companies like Graphnet and Huma among others, will use the funding in part to hire local teams in new markets. And while the startup’s main focus up to now has been to contract with health services — they include local NHS Trusts in the U.K and Ireland’s Health Service Executive (HSE) — for “virtual bed” tech for patients, it is also supporting virtual clinical trials for pharmaceutics companies; and it has its eye on building a data insights business around all of it.

Doccla’s earliest start came out of Covid-19 headwinds: a big push to keep more people out of hospitals to reduce resource strain led healthcare organizations to sign on to virtual bed solutions like Doccla’s to plug the gap. But as life started to return to normal, the startup also pursued more practical growth strategies. “It’s in our DNA to be revenue-first,” Doccla’s co-founder Martin Ratz said in an interview.

At its core, Doccla’s service is organized around a set of monitoring devices provided to patients along with a mobile phone pre-loaded with its app. These are used to collect data that gets loaded directly into electronic health records. Doctors view the data via a clinician dashboard, and they get special alerts when diagnostic readings need more attention — a strong selling point for overworked staff, and peace of mind for patients at home.

Ratz told TechCrunch that it’s taken a very practical approach to entering new markets: it typically signs a new customer there before it does so.

“First we sell, and then we enter the market with the help of a customer; that’s exactly what happened in Germany,” he said in an interview, adding that it already has plans to do so in Austria and France. “We’re aiming to replicate what we do in the U.K. [while] recognizing that the underpinnings of [newer] markets are very different, particularly in terms of reimbursement,” he said. 

On the pharma side, Doccla’s “hospital at home” technology is being used in drug research. Specifically, during drug trials, Doccla is reducing or replacing the need for patients to physically attend clinics, typically run by third-party contract research organizations, to monitor their progress. “We can help do things faster, better, cheaper than traditional CROs,” said Ratz.

The market for virual hospital solutions is becoming crowded, but Doccla believes details like being device agnostic, will help it stay the course.

Some of these are on the product side. For example, Unlike competitor Whzan, which is known for its Blue Box, Doccla is device-agnostic. And while Doccla requires an app, but made sure to use a large font and a simple interface. And “when data alone isn’t enough, the Doccla app connects patient and clinicians with in-app messaging and video calls.” These clinicians can also be Doccla’s own, especially out of hours and during weekends — another differentiator compared to some.



Source link

Lisa Holden
Lisa Holden
Lisa Holden is a news writer for LinkDaddy News. She writes health, sport, tech, and more. Some of her favorite topics include the latest trends in fitness and wellness, the best ways to use technology to improve your life, and the latest developments in medical research.

Recent posts

Related articles

Threads adjusts its algorithm to show you more content from accounts you follow

After several complaints about its algorithm, Threads is finally making changes to surface more content from people...

Spotify tests a video feature for audiobooks as it ramps up video expansion

Spotify is enhancing the audiobook experience for premium users through three new experiments: video clips, author pages,...

Candela brings its P-12 electric ferry to Tahoe and adds another $14M to build more

Electric passenger boat startup Candela has topped off its most recent raise with another $14 million, the...

OneRail’s software helps solve the last-mile delivery problem

Last-mile delivery, the very last step of the delivery process, is a common pain point for companies....

Bill to ban social media use by under-16s arrives in Australia’s parliament

Legislation to ban social media for under 16s has been introduced in the Australian parliament. The country’s...

Lighthouse, an analytics provider for the hospitality sector, lights up with $370M at a $1B valuation

Here is yet one more sign of the travel industry’s noticeable boom: a major growth round for...

DOJ: Google must sell Chrome to end monopoly

The United States Department of Justice argued Wednesday that Google should divest its Chrome browser as part...

WhatsApp will finally let you unsubscribe from business marketing spam

WhatsApp Business has grown to over 200 million monthly users over the past few years. That means there...