Remote medicine startup Webdoctor raises €750,000, part-funded by EI
Published 03/09/2015 | 02:30
Online medical service Webdoctor has raised over €750,000 to fund its expansion.
A total of €250,000 was provided by Enterprise Ireland's High Potential Start-Up Fund while the remainder was raised from private investors including Noel McSweeney, the founder of Senator Windows, who has also joined its board as chairman.
The company, launched in October, allows Irish patients to apply for doctor-approved prescriptions online. It recently introduced a live video chat service, meaning patients can consult face-to-face with doctors via webcam.
Clinical director Dr Sylvester Mooney estimates that 80pc of conditions dealt with in traditional doctor practices can be safely and reliably diagnosed online. The service is available outside traditional GP hours, from 7am to midnight.
Webdoctor is led by chief executive Oisin Kim. The money raised will be used to grow staff and doctor numbers and for marketing. Kim intends to expand the business into Europe and has registered a range of European domain names.
Meanwhile, a new study has found that Ireland places around or slightly below the EU average on most key measures of startup activity. Ireland is 16th out of a group of 25 countries in terms of early stage entrepreneurial activity, the Global Entrepreneurship Monitor found.
Ireland did better for intraprenurship, innovation within established companies. Jobs Minister Richard Bruton said more needed to be done to support entrepreneurs.