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- dr.consulta
dr.consulta Funding, Investors & Competitors
dr.consulta has raised $160M across 7 funding rounds, most recently a $10M Series D in August 2023.
Last dr.consulta funding round
$10M
Series D · Aug 2023
Cumulative funding dr.consulta raised
$160M
across 7 funding rounds
Key investors in dr.consulta
Lightrock
Kaszek
Madrone Capital Partners
Bossa Invest
Endeavor Catalyst
Omidyar Network
Lifeforce Capital
IDB Invest
About dr.consulta
dr.consulta is a São Paulo-based healthcare provider operating as a health maintenance organization for uninsured Brazilians. Starting as primary care clinics in 2012, the company now runs 100+ physical units across São Paulo, Rio de Janeiro, and other states, supplemented by teleconsultations serving 5 million patients yearly. dr.consulta offers affordable fixed-price plans covering consultations, diagnostics, and medications through its app and in-person visits. The model emphasizes preventive care in underserved favelas and suburbs.
Founded
2011
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Subscription
dr.consulta Funding History
dr.consulta has raised a total of $160M across 7 funding rounds.
dr.consulta's first fundraising round was a $2M seed round in August 2013. The most recent completed round was a $10M Series D in August 2023.
dr.consulta funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Aug 2023 | Series D | IDB Invest | $10M | dr.consulta is a full-service health network and HealthTech company that uses technology to offer affordable medical care to underserved populations in Brazil through a multichannel approach, operating 28 clinics and providing over 3,000 health services to nearly 800,000 patients annually. IDB Invest signed a $10 million equity investment in dr.consulta as part of its $57 million Series D round led by Kamaroopin, with the investment structured as preferred convertible stock to support expansion of operations, opening new clinics in other regions, technology development, and integration of recently acquired healthcare plans Cuidar.me. The financing, approved on May 30, 2023, and signed on August 7, 2023, totals up to $12 million including an additional 20% uncommitted amount for preemptive rights, aiming to address business challenges and reduce the company's growth-stage financing gap. IDB Invest's participation is expected to have a catalytic effect on the round and generate significant societal impact, including serving an additional 1.2 million patients in São Paulo over seven years and up to 18,645 healthy life years through treatment of 23 health conditions. |
| Aug 2022 | Series D | Kamaroopin (lead); Lightrock; Madrone Capital Partners | $33M | Dr. Consulta is a Brazil-based healthtech company providing affordable medical care through a network of clinics, teleconsultation, and multichannel services targeting underserved populations. It operates 28 clinics offering over 3,000 health services and serves nearly 800,000 patients annually across all channels as of 2023. The company combines primary care, health insurance, and technology to address patient and doctor pain points in Brazil's healthcare system. In August 2022, Kamaroopin led a Series D round of BRL170m (approximately USD34m or USD33m) for Dr. Consulta, with participation from Lightrock and Madrone Capital Partners. Sources describe this as part of broader Series D activities, with later extensions including a Series D - II of USD23m on June 12, 2023, again involving Kamaroopin and others like BID Invest and Japan International Cooperation Agency. A separate mention notes a USD57m Series D tranche in 2023 led by Kamaroopin, including USD10m from IDB Invest to expand operations and reduce financing gaps. Cumulative funding reached around USD170m across multiple rounds by 2023, or USD146.91m over 7 rounds per other data. Patient metrics show scale with nearly 800,000 annual patients by 2023. Dr. Consulta has demonstrated resilience through challenges like the COVID-19 pandemic and near-failure points, maintaining a patient-centric hybrid model. Investors include 7 total backers, with Kamaroopin prominent in later Series D investments. |
| Mar 2017 | Series C | Madrone Capital Partners (lead); Kaszek; Belfer Management LLC; Endeavor Catalyst; Omidyar Network; Bossa Invest | $50M | Dr. Consulta is a Brazilian healthcare company operating a network of low-cost health clinics, initially focused on full-stack primary care and evolving into an HMO targeting uninsured individuals. The company has raised a total of $146.91M across 7 funding rounds, with investors including Madrone Capital Partners, Kaszek, Endeavor Catalyst, and others. Madrone Capital Partners, a private equity firm linked to the Walton family, participated in Dr. Consulta's funding as noted in investor profiles and Latin American startup directories. |
| Oct 2016 | Series B | Lightrock (lead) | $25M | dr.consulta is a Brazilian healthcare company operating a network of low-cost, pay-per-service primary care medical centers, starting in São Paulo since 2011, focused on affordable, high-quality healthcare. The company has raised a total of $146.91M across 7 rounds, with Lightrock appearing in historical investor lists alongside others like Madrone Capital Partners, BID Invest, and Japan International Cooperation Agency in later rounds. Later developments include Series D extensions like $23M in June 2023 and $32M noted in a 2023 insurtech report, evolving into a full-stack provider and HMO model. |
| Mar 2016 | Series B | Kaszek (lead); Lifeforce Capital | $26M | dr.consulta is a Brazilian healthtech company providing low-cost clinic services, starting as a bricks-and-mortar network in a favela in 2011 and later expanding to digital practices, becoming the largest private medical service provider in Brazil. It received a $25.9M Series A investment in Q1 2016 from Kaszek Ventures and LGT Venture Philanthropy, as documented in KPMG's Venture Pulse Q1 2016 report. The company was co-founded by Guilherme Azevedo, who later co-founded Alice, a tech-based healthcare provider that raised $16M in 2020 led by Kaszek Ventures with Canary and MAYA Capital. Kaszek Ventures led this early funding for dr.consulta, consistent with their investments in Latin American healthtech and fintech sectors during a period of growing VC activity in the region. In 2016, Latin America saw record VC deals, with Brazil leading in capital invested at $279M, and impact investing in healthcare like dr.consulta gaining traction alongside traditional VC. LGT Venture Philanthropy participated as an impact-focused investor emphasizing financial inclusion, education, and healthcare. dr.consulta continued to attract attention as a key example of VC-backed healthtech innovation in Latin America, with later references highlighting its scale and hybrid physical-digital model amid the region's digital revolution accelerated by the pandemic. |
| May 2014 | Series A | Lightrock (lead) | $14M | - |
| Aug 2013 | Seed | - | $2M | - |
Who has invested in dr.consulta?
10 investors have backed dr.consulta across its funding rounds, including Lightrock, Kaszek, Madrone Capital Partners, Bossa Invest, Endeavor Catalyst and Omidyar Network.
Lead investors include Kamaroopin, Madrone Capital Partners, Lightrock and Kaszek.
dr.consulta Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | May 2014 | ||
| 2 | Lead | Mar 2016 | ||
| 2 | Lead | Mar 2017 | ||
| 1 | Lead | Aug 2022 | ||
| 1 | Participant | Aug 2023 | ||
| 1 | Participant | Mar 2017 | ||
| 1 | Participant | Mar 2017 | ||
| 1 | Participant | Mar 2017 | ||
This data is available for Pro users. Sign up to see all 10 dr.consulta 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 TrialInvestments by dr.consulta
dr.consulta has invested in 1 company to date.
Latest investment by dr.consulta was on September 9th 2024. dr.consulta invested in StaryaAI in their $400K Pre-seed round.
Latest Investments by dr.consulta
| Description | StaryaAI builds AI-driven agents for healthcare to boost patient engagement, streamline care delivery, and enhance health outcomes. The Tel Aviv-based company deploys conversational AI for patient support, preventive care reminders, and operational workflows in clinics and hospitals. StaryaAI integrates with electronic health records to provide personalized interactions and predictive analytics. |
| HQ Country | |
| HQ City | São Paulo |
| Deal Date | 9 Sep 2024 |
| Round | Pre-seed |
| Raised | $400K |
| Investors | Rodrigo Freire; Paulo Chapchap; Flávio Rossetto; Ricardo Bottas |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all dr.consulta investments and their VC round multiples. Start Free Trial | |
dr.consulta Competitors
dr.consulta competitors include listed companies like Max Healthcare Institute, Tenet Healthcare and Oscar Health, and private ones like Devoted Health, Ping An Good Doctor and Ro.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $858M | $232M | $10B | 10.2x | ||
| Publicly listed | $21B | $4.5B | $21B | 1.6x | ||
| Private | $3.3B | - | $13B | 4.0x | ||
| Publicly listed | $12B | ($391M) | $9.9B | 0.4x | ||
| Private | $271M | - | $8.8B | 32.5x | ||
| Private | $598M | - | $7B | 11.7x |
dr.consulta Public Comps
dr.consulta is still privately-owned, but its public comps include HCA Healthcare, Alcon, Fresenius, Dr. Sulaiman Al Habib, Tenet Healthcare, IHH Healthcare, Rede D'Or São Luiz, Apollo Hospitals, Encompass Health and DaVita.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $76B | $16B | 1.9x | 1.9x | 9.4x | 9.4x | |||
| $10B | $2.6B | 3.4x | 3.3x | 13.4x | 12.5x | |||
| $26B | $4.2B | 1.6x | 1.6x | 10.1x | 9.4x | |||
| $3.7B | $927M | 6.4x | 5.9x | 25.2x | 24.7x | |||
| $21B | $4.5B | 1.7x | 1.6x | 8.1x | 7.5x | |||
| $6.3B | $1.5B | 3.3x | 3.0x | 13.8x | 13.6x | |||
| $11B | $1.3B | 1.7x | 1.6x | 14.3x | 8.4x | |||
| $2.6B | $398M | 5.3x | 4.9x | 34.9x | 32.1x | |||
This data is available for Pro users. Sign up to see all dr.consulta competitors and their valuation data. Start Free Trial | ||||||||
Common questions about dr.consulta
| When was dr.consulta founded? | dr.consulta was founded in 2011. |
| Where is dr.consulta headquartered? | dr.consulta is headquartered in São Paulo, Brazil. |
| Is dr.consulta publicly listed? | No, dr.consulta is a private, VC-backed company. |
| How much funding has dr.consulta raised? | dr.consulta has raised $160M across 7 funding rounds. |
| What was dr.consulta's last funding round? | dr.consulta's last funding round was a $10M Series D in August 2023. |
| Who are dr.consulta's investors? | dr.consulta's investors include Lightrock, Kaszek, Madrone Capital Partners, Kamaroopin, IDB Invest, Belfer Management LLC, Endeavor Catalyst, Omidyar Network, Lifeforce Capital and Bossa Invest. |
| Which companies are comparable to dr.consulta? | Companies comparable to dr.consulta include Max Healthcare Institute, Tenet Healthcare, Devoted Health, Oscar Health, Ping An Good Doctor and Ro. |
| How many companies has dr.consulta invested in? | dr.consulta has invested in 1 company, including StaryaAI. |
| What was dr.consulta's last investment? | In September 2024, dr.consulta invested in StaryaAI's $400K pre-seed round alongside Rodrigo Freire, Paulo Chapchap, Flávio Rossetto and 1 other investor. |
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