The pandemic has made telemedicine video visits within the U.S. virtually commonplace, however in Latin America, the place broadband isn’t extensively out there, 1Doc3 is utilizing textual content and chat to supply entry to care. Immediately, the Colombia-based firm introduced a $3 million pre-Collection A led by MatterScale Ventures and Kayyak Ventures.
“I’m on a pleasant MacBook for this interview, however that’s not the case of most individuals in LatAm,” mentioned Javier Cardona, co-founder and CEO of 1Doc3. The corporate’s identify is a play on the phonetics of 1, 2, 3 in Spanish.
Reaching your main care physician while you’re not feeling effectively is getting more durable and more durable, and 1Doc3 goals to resolve that drawback in LatAm by providing a telemedicine platform powered by AI that does symptom evaluation, triage and pre-diagnosis earlier than connecting the affected person to a physician.
“In 97% of our consultations, you’re related to a physician in a matter of minutes,” Cardona mentioned.
After seeing the physician, the affected person may also get their prescriptions delivered to their residence via 1Doc3. The startup, like others within the area, is attempting to shut the loop so sufferers can get care rapidly with out having to depart their houses.
Along with Colombia, the corporate already has operations in Mexico and plans to make use of a part of the funding to increase additional within the area in addition to constructing out a advertising and gross sales crew, which it hasn’t had up to now.
1Doc3 reaches clients straight and by establishing company partnerships the place the businesses themselves pay for his or her workers’ medical care via the startup. Certainly one of Cardona’s targets is to carry the unit economics down in order that smaller companies may also afford 1Doc3, which for corporates, now costs between $3-4 a month/worker.
“For large firms, the cash isn’t a difficulty, however our area is comprised of small to medium-sized companies,” Cardona mentioned.
The corporate, which was based in 2013 and was a finalist in TechCrunch’s Latin American Battlefield in 2018, skilled large progress in 2020, going from 2,500 to 35,000 consultations monthly from February to December 2020, respectively, which led the corporate to be cashflow optimistic final 12 months. In March of 2021, the corporate had $120,000 in MRR.
Like many startups, the jolt to discovered 1Doc3 got here from a private expertise confronted by the founder.
“Once I was in Tanzania I had a medical want and I used to be positively not going to go to a physician in Tanzania, and I couldn’t attain any physician on-line, not even within the U.S., and I turned somewhat obsessive about this drawback,” mentioned Cardona, who was working within the Center East and Africa on the time.
This spherical brings the full raised by 1Doc3 to $5 million. Different traders that participated within the spherical embody Swanhill Capital, Simma Capital and current traders The Enterprise Metropolis, EWA capital (beforehand Mountain Nazca Colombia) and Startup Well being.
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