Air Doctor, an Israeli HealthTech startup providing a platform that connects travellers with medical professionals globally, has raised $20m in a Series B funding round.
The investment round was led by aMoon, a venture capital firm focused on health and life sciences, with participation from Tokio Marine Holdings, Samsung Ventures (SVIC), and previous investors Lightspeed Venture Partners, Vintage Investment Partners, Phoenix Insurance, and Munich Re Ventures, according to Tech Crunch.
The new funding will be used to expand Air Doctor’s global network of doctors, further enhance its platform’s capabilities, and continue its partnership efforts with insurance companies.
Currently, the company has a network of 20,000 doctors across 84 countries and contracts with 18 major health insurance providers, catering to over 80,000 users.
Founded by Jenny Cohen Derfler and her son, Yam Derfler, Air Doctor offers a platform that helps travellers find vetted doctors for in-person or remote consultations in over 84 countries.
The platform is designed to match customers’ insurance policies with services rendered, managing reimbursement payments to doctors from insurance companies.
The service claims to provide significant cost savings on outpatient claims, medical assistance, and administrative handling times.
In a statement, Air Doctor CEO and co-founder Jenny Cohen Derfler said, “the potential is much larger,” as she referenced the growing number of international travellers in 2024, which is projected to increase substantially according to UN estimates.
Air Doctor’s product has seen rapid growth since its initial focus on business-to-consumer (B2C) services, and now operates a B2B2C model with insurance companies referring travellers to the platform.
The startup has raised a total of $50m to date, including a Series A round completed in 2020.
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