Air Doctor raises $20 million to expand services
Medical care and travel startup Air Doctor has secured US$20 million in funding for scaling the company globally
This second round of investment capitalises on the worldwide influx in travellers after the Covid-19 pandemic and will enable the company to enter its next phase of growth.
Air Doctor raised $20 million, led by Lightspeed Venture Partners. Joining this round are Vintage Investment Partners and Munich Re Ventures, alongside The Phoenix, an insurer in Israel, as well as Kamet Ventures, which led the company’s previous round.
The Air Doctor platform connects travellers who fall ill abroad with local private doctors through an app. Air Doctor’s outpatient medical network covers 74 countries and includes over 20,000 medical professionals who provide either in-person or telemedicine consultations.
Expanding in the US and Europe
Air Doctor will use the new investment to hire new employees and open additional offices internationally. The company also has plans to expand the product and marketing teams, and the vetted medical professional network, particularly in the US and Europe.
Jenny Cohen Derfler, CEO and Founder of Air Doctor, said: “As the world emerges from Covid-19, people have resumed travel, with a greater demand for suitable travel insurance and digital solutions. The pandemic has forced the industry to reassess local medical treatment available for travellers.”
“Air Doctor addresses a major pain point for the health and travel insurance industry, and Lightspeed is excited to lead the company’s new $20 million funding round. Air Doctor continues to prove itself as an innovator in travel health by digitizing a significant aspect of the travel experience,” added Yoni Cheifetz, Partner at Lightspeed.