About Updoc
Updoc is a company based in Sydney (Australia) founded in 2020 by Dylan Coyne and Clifton Hodgkinson. It operates as a On-Demand Services, Subscription Services, and HealthTech. Updoc has raised $13.29 million across 1 funding round from investors including Bailador. Updoc offers products and services including Online Medical Certificate, Online Prescription, Telehealth Consultation, Weight Loss Consult, and Specialist Referral. Updoc operates in a competitive market with competitors including Hola Health, Access Telehealth, GP2U, Medihere and Cardihab, among others.
- Headquarter Sydney, Australia
- Founders Dylan Coyne, Clifton Hodgkinson
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Sectors
Healthcare
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$13.29 M (USD)
in 1 rounds
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Latest Funding Round
$13.29 M (USD), Series B
May 28, 2024
- Investors
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Employee Count
Employee Count
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Products & Services of Updoc
Updoc offers a comprehensive portfolio of products and services, including Online Medical Certificate, Online Prescription, Telehealth Consultation, Weight Loss Consult, and Specialist Referral. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Medical certificates are provided through online consultations.
Prescriptions are delivered electronically after doctor consultation.
Consultations with doctors are conducted entirely online.
Weight loss advice is offered via telehealth.
Referrals to specialists are facilitated through online requests.
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Funding Insights of Updoc
Updoc has successfully raised a total of $13.29M through 1 strategic funding round. The most recent funding activity was a Series B round of $13.29 million completed in May 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series B — $13.3M
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First Round
First Round
(28 May 2024)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2024 | Amount | Series B - Updoc | Valuation | Bailador |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Updoc
Updoc has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Bailador. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Growth investments in IT sector are managed by Bailador.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Updoc
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Updoc
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Updoc Comparisons
Competitors of Updoc
Updoc operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Hola Health, Access Telehealth, GP2U, Medihere and Cardihab, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online platform offering various healthcare services
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| domain | founded_year | HQ Location |
Telehealth platform is provided for patients and healthcare professionals.
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| domain | founded_year | HQ Location |
Appointment booking Video consultation platform for patients
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| domain | founded_year | HQ Location |
Provider of an app for virtual primary care and tele-medicine
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| domain | founded_year | HQ Location |
Digital cardiac rehabilitation solutions are developed for patients and clinicians.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Updoc
When was Updoc founded?
Updoc was founded in 2020 and raised its 1st funding round 4 years after it was founded.
Where is Updoc located?
Updoc is headquartered in Sydney, Australia. It is registered at Sydney, New South Wales, Australia.
Is Updoc a funded company?
Updoc is a funded company, having raised a total of $13.29M across 1 funding round to date. The company's 1st funding round was a Series B of $13.29M, raised on May 28, 2024.
What does Updoc do?
Updoc is established as a digital healthcare platform in Australia, facilitating online consultations between users and AHPRA-registered doctors. Services such as medical certificates, prescriptions, specialist referrals, and weight loss consultations are provided. The platform operates 247, ensuring accessibility across various healthcare needs including mental health and sexual health. Requests are reviewed within an hour, with outcomes delivered directly to users devices. Coverage extends to 95 of Australian suburbs, serving over 200,000 users.
Who are the top competitors of Updoc?
Updoc's top competitors include Hola Health, GP2U and Access Telehealth.
What products or services does Updoc offer?
Updoc offers Online Medical Certificate, Online Prescription, Telehealth Consultation, Weight Loss Consult, and Specialist Referral.
Who are Updoc's investors?
Updoc has 1 investor. Key investors include Bailador.