Digi GP seeks £17m for growth plans
The founder of VideoDoc, an Irish telehealth start-up, is hoping to raise over £17m as it targets Europe and the US in grand expansion plans.
And the company, which was set up by Mary O'Brien, said it was likely to pursue funding outside Ireland.
The news comes after VideoDoc recently closed a £2.5m funding round valuing it at £15m.
It has signed deals with Airbnb and the armed forces for videolink health services.
Mary O'Brien, chief executive and founder, said: "We're looking to expand more into the UK and possibly the US. To do that with a consumer-facing product takes a significant amount of capital."
She said that the company is likely to pursue its funding outside Ireland, because of the more mature venture climate in Europe, the US and Asia. The company's most recent round was led by a UK-based Asian investor.
It has now outgrown its Sandyford premises and is set to move to a larger facility in the Dublin suburb of Foxrock.
VideoDoc offers online video consultations with Irish doctors, dividing the work between in-house clinicians at its Dublin offices and GPs working from their own premises.
Ms O'Brien said that VideoDoc is increasingly popular with experienced 'flexible' doctors who are approaching retirement or are working part-time.
"These are doctors with a lot of experience but who might want more flexibility in their lives," she added.