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- Doktor.se
Doktor.se Revenue, Valuation, Funding & Investors
Doktor.se is valued at $578M as of July 2021, a 6.5x multiple on its last reported $89M revenue.
Last Doktor.se valuation
$578M
Undisclosed stage · Jul 2021
Last Doktor.se funding round
$8M
Undisclosed stage · Jul 2021
Doktor.se revenue
$89M
Undisclosed stage · Jul 2021
Key investors in Doktor.se
Norron AB
Oriola
Consensus Asset Management
Skabholmen Invest
Tencent
Bonnier Capital
About Doktor.se
Doktor.se is a Stockholm-based digital healthcare provider delivering remote consultations via app with nurses, doctors, and psychologists. Services include prescriptions, referrals, and primary care from Swedish offices. Founded in 2016, Doktor.se holds approvals from regional health authorities for nationwide coverage.
Founded
2016
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Services
Revenue
$89M (Jul 2021)
Valuation
$578M (Jul 2021)
Doktor.se Valuation
Doktor.se is currently valued at $578M, based on its undisclosed-stage round in July 2021.
The $8M round was led by Tencent, with participation from Consensus Asset Management, Skabholmen Invest and Norron AB.
Doktor.se's valuation has moved from $666M at its undisclosed-stage round in May 2021 to $578M in July 2021, across 3 priced rounds.
Doktor.se valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Jul 2021 | Undisclosed stage | $578M | 6.5x |
| Jul 2021 | Secondary | $578M | 7.3x |
| May 2021 | Undisclosed stage | $666M | 8.5x |
Doktor.se Revenue
Doktor.se's latest recorded revenue is $89M, as of its undisclosed-stage round in July 2021. At a $578M valuation, that implies a 6.5x revenue multiple.
Revenue grew from $78M in May 2021 to $89M in July 2021, while the revenue multiple moved from 8.5x to 6.5x.
Doktor.se revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Jul 2021 | $89M | $578M | 6.5x | Undisclosed stage |
| Jul 2021 | $79M | $578M | 7.3x | Secondary |
| May 2021 | $78M | $666M | 8.5x | Undisclosed stage |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Doktor.se Funding History
Doktor.se has raised a total of $163M across 7 funding rounds, plus 2 secondary share sales.
Doktor.se's first fundraising round was a $15M seed round in May 2018. The most recent completed round was a $8M undisclosed-stage round in July 2021.
Doktor.se funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jun 2025 | Secondary | - | - | - | Stena Sessan sold its entire shareholding in Doktor.se during the spring of 2025, ending an investment that began with Doktor24 in 2021 and converted into Doktor.se shares when that company was acquired in August 2024. The buyer and the consideration were not disclosed by either party. Swedish trade press reported in March 2025 that two large Doktor.se owners had left the register in a share sale worth around SEK 100 million in total. |
| Jul 2021 | Undisclosed stage | Tencent (lead); Consensus Asset Management; Skabholmen Invest; Norron AB | $8M | $578M | Doktor.se is a Stockholm-based digital healthcare provider offering services through a video app, phone calls, and physical clinics, primarily in Sweden with expansion to Germany. In 2020, it conducted over 1.2 million patient consultations. The company secured up to €29.5 million (SEK 300 million) from Tencent in July 2021 as an extension to a prior €50 million (SEK 510 million) round from investors including Consensus Asset Management, Norron AB, and Skabholmen Invest, with Tencent leading the extension on substantially the same terms, comprising €23 million in new capital and €6.5 million from existing shares. The June 2021 round was at a post-money valuation of SEK 5.5 billion. Funds support aggressive acquisitions, digitization of physical clinics, international expansion to over seven countries by end-2021, and preparations for a potential IPO in early 2022. In 2021, Doktor.se generated sales of SEK 845 million ($81 million). |
| Jul 2021 | Secondary | Tencent (lead); Consensus Asset Management; Skabholmen Invest; Norron AB | $8M | $578M | Doktor.se is a Swedish e-health company providing digital healthcare services through an app for video and phone consultations, alongside physical clinics. In June 2021, it raised SEK 510 million at a valuation of SEK 5.5 billion in a heavily oversubscribed round led by Consensus Asset Management, Norron AB, and Skabholmen Invest. The round was extended in July 2021 with Tencent investing SEK 100 million (part of up to SEK 210 million extension, equivalent to €29.5 million) on substantially the same terms, combining new shares and acquisition of existing shares. The Tencent investment supported Doktor.se's aggressive international expansion and preparation for a potential 2022 IPO. In 2020, the company reported revenue of SEK 750 million, including new acquisitions, and negative EBITDA of SEK -23 million. It conducted over 1.2 million patient consultations that year and served one-tenth of Sweden's population, positioning it as one of the country's largest digital healthcare providers and the second most downloaded doctor app in Europe. |
| May 2021 | Undisclosed stage | Carnegie (lead); Handelsbanken (lead); Consensus Asset Management; Oriola; Skabholmen Invest; Bonnier Capital; Norron AB | $61M | $666M | Doktor.se is a Stockholm-based digital healthcare provider offering video teleconsultations and operating primary care clinics across Sweden. The company operates 11 primary care clinics in Sweden, has 1 million app users, and 130,000 patients registered with its primary care clinics. In 2021, Doktor.se generated $78 million in revenue, representing 54% year-over-year growth. Following a €50 million fundraising round in May 2021 (later extended with an additional €29.5 million from Tencent in July 2021), the company was valued at $666 million post-money. By 2021, Doktor.se had raised approximately $220 million in total funding. The company recently began selling its telehealth platform to healthcare providers as a SaaS product, diversifying its revenue streams beyond direct-to-consumer and clinic operations. With a valuation-to-revenue multiple of approximately 8.5x, the company reflected the elevated valuations of telehealth and digitally-led primary health companies during the post-COVID period when digital healthcare adoption surged. |
| May 2020 | Series C | Carnegie (lead); Handelsbanken (lead); Oriola; Bonnier Capital | $50M | - | Doktor.se is a Stockholm-based digital healthcare provider offering telemedicine services, access to doctors, and referrals to physical exams and specialized care, operating primarily in Sweden with ambitions for global expansion. This funding supported growth in digital health services amid rising demand for online healthcare in the Nordics. Oriola, an early investor since 2018, held about 14% ownership by 2021 and maintained strategic cooperation with Doktor.se in Sweden's digital healthcare market. Doktor.se continued raising capital post-2020, including a €29.5 million extension from Tencent in July 2021 and a Series D in May 2021 at $666.11M valuation, bringing total funding over $219M across multiple rounds. Traction included expansion into mental health and chronic illness services using prior funds. Later rounds like 2022's Bridge II for $26.9M reflect sustained investor interest from Bonnier Ventures, Tencent, and others. Competitive landscape features platforms like Platform24 Heal and Legehuset Sverige. |
| Mar 2020 | Seed | Webrock Ventures (lead) | $3M | - | - |
| Jul 2019 | Undisclosed stage | - | $16M | - | - |
| Jan 2019 | Series A | - | $11M | - | Doktor.se is a Swedish e-health company founded in 2016 that provides digital healthcare services through video app meetings, phone calls, and physical clinics. It operates online medical centers and offers healthcare services via its app, with ambitions to acquire health centers and expand operations. In 2018, the company had 280 employees in Stockholm and Uppsala, registered turnover of SEK 113M ($12M), and a loss of SEK 98M. Around early 2019, Doktor.se secured a SEK 150M ($16M) bridge funding via a convertible loan to accelerate growth and acquire 20 health centers over the next 18 months. Prior to this round, it had raised $27M from investors including Bonnier Ventures and Oriola. In 2019, one million people in Sweden used its telemedicine services, significant for a population of just over ten million. The company continued raising capital in subsequent years, including a $50 million round in 2020 led by Carnegie and Handelsbanken with participation from Oriola and Bonnier Ventures to expand digital operations, physical clinics, and international presence. |
| May 2018 | Seed | Oriola (lead) | $15M | - | Doktor.se is a Stockholm-based digital healthcare platform founded in 2016 that provides online medical services primarily to the corporate market. The company operates as the second largest online medical center in Sweden, offering digital triage and treatment through its platform along with physical care facilities in Sörmland and Uppland, with approximately 160 employees. On May 4, 2018, Finnish healthcare company Oriola invested SEK 130 million (approximately €9.4 million or $14.7 million USD) in Doktor.se, acquiring approximately 17% ownership. The investment complemented an existing cooperation agreement and positioned Oriola to deepen its presence in the Swedish digital healthcare market. Beyond the investment amount, the publicly disclosed terms did not include the company's post-money valuation, revenue figures, or profitability metrics at the time of the transaction. |
Who has invested in Doktor.se?
9 investors have backed Doktor.se across its funding rounds, including Norron AB, Oriola, Consensus Asset Management, Skabholmen Invest, Tencent and Bonnier Capital.
Lead investors include Tencent, Carnegie, Handelsbanken, Webrock Ventures and Oriola.
Doktor.se Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Participant | May 2021 | ||
| 3 | Lead | May 2018 | ||
| 3 | Participant | May 2021 | ||
| 3 | Participant | May 2021 | ||
| 2 | Lead | May 2020 | ||
| 2 | Lead | May 2020 | ||
| 2 | Lead | Jul 2021 | ||
This data is available for Pro users. Sign up to see all 9 Doktor.se investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions by Doktor.se
Doktor.se has acquired 3 companies to date.
Last acquisition by Doktor.se was on August 15th 2024. Doktor.se acquired Doctor24 for undisclosed valuation.
Latest Acquisitions by Doktor.se
| Description | Doktor24 is a Swedish digital healthcare provider that connects patients with doctors via video consultations, digital prescriptions, and integrated care networks. Launched in 2016 and headquartered in Stockholm, the company bridges physical clinics and online services across Sweden, serving urban and rural areas. Through its subsidiary Platform24, it supplies software platforms enabling seamless digital integration for public and private healthcare facilities, including electronic health record systems and telehealth tools. Doktor24 partners with regional health authorities to expand access to primary care, specialist consultations, and chronic disease management. | Lifecaddy Health is a digital health platform focused on vaccination management and patient empowerment. It enables users to store, access, and share immunization records securely via mobile devices, aiming to increase community vaccination rates through reminders and educational resources. The service connects patients with healthcare providers for seamless data exchange and compliance tracking. Headquartered in the United States, Lifecaddy Health targets public health initiatives and individual users by simplifying health data control and promoting proactive care. | Kollarna.se is a telemedicine service offering digital diagnoses for conditions that require no physical sampling or examination. Patients consult licensed doctors via the platform for assessments of ailments like urinary tract infections, colds, and skin issues, receiving prescriptions directly without primary care visits. Stockholm-based, the service operates across Sweden, emphasizing patient-centered processes with video consultations and electronic health record integration. Launched in 2015, Kollarna.se handles thousands of consultations monthly, partnering with Swedish pharmacies for seamless medication fulfillment. |
| HQ Country | |||
| HQ City | Stockholm | Stockholm | Göteborg |
| Deal Date | 15 Aug 2024 | 13 May 2022 | 8 Mar 2022 |
| Valuation | undisclosed | undisclosed | undisclosed |
| EV/Revenue | |||
| EV/EBITDA | |||
This data is available for Pro users. Sign up to see all Doktor.se acquisitions and their M&A valuation multiples. Start Free Trial | |||
Investments by Doktor.se
Doktor.se has invested in 1 company to date.
Latest investment by Doktor.se was on March 24th 2022. Doktor.se invested in Ella in their $500K Seed round.
Latest Investments by Doktor.se
| Description | Ella is a Stockholm-based mobile application providing medical guidance and tracking tools for women navigating pregnancy and postpartum periods, featuring personalized advice on symptoms, nutrition, exercise, and mental health support from certified midwives. |
| HQ Country | |
| HQ City | Stockholm |
| Deal Date | 24 Mar 2022 |
| Round | Seed |
| Raised | $500K |
| Investors | Anders F. Börjesson; Ninke Liebert; Lars Lindgren; Monika Lindquist; Dryft; Johan Bloom; Joo Emmy Sundström; Johan Hasselblad; Louise Engwall Edholm |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Doktor.se investments and their VC round multiples. Start Free Trial | |
Doktor.se Competitors
Doktor.se competitors include listed companies like Talkspace and Teladoc, and private ones like Workit Health, Recuro Health, SonderMind and Elemy.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $500M | - | ||
| Publicly listed | $229M | $6M | $871M | 3.4x | ||
| Private | $33M | - | $313M | 9.5x | ||
| Private | - | - | $1.1B | - | ||
| Publicly listed | $2.5B | $124M | $1.1B | 0.6x | ||
| Private | - | - | $1.1B | - |
Doktor.se Public Comps
Doktor.se is still privately-owned, but its public comps include Guiyang Longmaster, Medley Inc., Evolent Health, Talkspace, American Well, Nyxoah, LifeMD, Kooth, BlinkLab and Teladoc.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $44M | $5M | 10.0x | - | 87.9x | - | |||
| $236M | $32M | 2.1x | 1.8x | 15.7x | 13.2x | |||
| $1.9B | ($365M) | 0.7x | 0.5x | (3.5x) | 9.4x | |||
| $229M | $6M | 3.4x | 3.4x | 129.3x | 49.4x | |||
| $249M | ($63M) | 0.2x | 0.2x | (0.8x) | (3.1x) | |||
| $12M | ($97M) | 9.5x | 3.2x | (1.1x) | (1.4x) | |||
| $194M | ($2M) | 0.7x | 0.7x | (89.1x) | 75.2x | |||
| $85M | $13M | 0.7x | 0.7x | 4.6x | 4.3x | |||
This data is available for Pro users. Sign up to see all Doktor.se competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Doktor.se
| When was Doktor.se founded? | Doktor.se was founded in 2016. |
| Where is Doktor.se headquartered? | Doktor.se is headquartered in Stockholm, Sweden. |
| Is Doktor.se publicly listed? | No, Doktor.se is a private, VC-backed company. |
| What is Doktor.se's valuation? | Doktor.se was last valued at $578M in its undisclosed-stage round in July 2021. |
| How much funding has Doktor.se raised? | Doktor.se has raised $163M across 7 funding rounds. |
| What was Doktor.se's last funding round? | Doktor.se's last funding round was a $8M undisclosed-stage round in July 2021, led by Tencent. |
| Who are Doktor.se's investors? | Doktor.se's investors include Consensus Asset Management, Oriola, Skabholmen Invest, Norron AB, Handelsbanken, Carnegie, Tencent, Bonnier Capital and Webrock Ventures. |
| What is Doktor.se's revenue? | Doktor.se's latest recorded revenue is $89M (July 2021). |
| What is Doktor.se's revenue multiple? | Doktor.se's latest valuation implies a 6.5x revenue multiple ($578M valuation on $89M of revenue). |
| Which companies are comparable to Doktor.se? | Companies comparable to Doktor.se include Workit Health, Talkspace, Recuro Health, SonderMind, Teladoc and Elemy. |
| How many companies has Doktor.se acquired? | Doktor.se has acquired 3 companies, including Doctor24, Lifecaddy Health and kollarna.se. |
| How many companies has Doktor.se invested in? | Doktor.se has invested in 1 company, including Ella. |
| What was Doktor.se's last investment? | In March 2022, Doktor.se invested in Ella's $500K seed round alongside Anders F. Börjesson, Ninke Liebert, Lars Lindgren and 6 other investors. |
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