Doctrin announced closing a $9 million series B round led by HealthCap and Swedbank Robur.

Sweden Investments 01 June 2020
Share on FacebookShare on Twitter

Doctrin, a Stockholm, Sweden-based company operating a B2B platform for digital physical healthcare services, announced the completion of a SEK 83M ($9M) capital investment round.

The round was led by existing investors HealthCap and Swedbank Robur. The money will be used for product development and international expansion.

Doctrin, founded in 2016 by Magnus Liungman and Ashkan Labaf and led by CEO Markus Lundin, developed a digital platform which they sell as a white label solution to healthcare providers and insurance companies, helping them manage their customers medical history. The company claims to be used by 200 centers from 19 different corporate customers in Sweden, Norway and the Czech Republic.

The largest customers in Sweden are Capio and Praktikertjänst, which together account for about 20 percent of the Swedish primary care market.

Capio is also an owner in the company. In 2019, the company had sales of SEK 25 million ($2.7M).

Prior to this investment round, Doctrin raised about $15M.