praktischArzt raised funding from Japan-based M3.

praktischArzt, a Mannheim, Germany-based company operating a recruitment portal for doctors and healthcare professionals, announced that it added a capital investment round.

The money was raised from the Japanese M3 group, which is acquiring a minority stake in pA Medien GmbH, the operator of the praktischArzt network, via its European subsidiary M3 Medical Holdings. The minority investment was executed through M3 Medical Holdings, a European subsidiary based in England.

The proceeds will be used for future growth of the praktischArzt brand in Germany and throughout Europe.

The collaboration between the two companies was established by Marijo Jurasovic, Managing Director of Vidal MMI Germany GmbH, a subsidiary of M3 in Germany, which operates the portals Gelbe Liste and Rehaklinken.de amongst others.

praktischArzt, founded in 2014 by Timo Krasko and Michael Schmitt, represents a combination of job exchange and career portal. The main business field is the publication of job advertisements for physicians, medical students and other persons from the health care sector.