Quarter Partners, a private investment fund, has bought shares in the DOC.UA online medical service, the fund said in a press release. The amount of the transaction is not disclosed.
According to Quarter Partners, in 2020 it is planned to launch the DOC.UA service in Uzbekistan, Kazakhstan, and Moldova. The markets of Georgia, Azerbaijan, the Baltic countries and the UAE are also under development.
The head of the supervisory board of EFI GROUP (a group of companies that is the majority owner of the service), Ihor Liski noted that attracting such investments will bring the service to a new level.
“We continue to improve our innovative practices, strengthen the team and its effectiveness. Therefore, Quarter Partners is a reliable partner for us, able to support bringing the project to a new level,” he said.
EFI GROUP (Effective Investments) operates in various sectors of the economy: pulp industry, gas industry, energy, agriculture, woodworking, creative industry, and healthcare.
The DOC.UA service monthly serves more than 700,000 requests. A base of more than 10,000 doctors and 1,700 medical institutions in Ukraine is available to DOC.UA customers.
Quarter Partners fund invests in businesses with a high growth potential for their development and subsequent sale to strategic investors. The founder of the fund is Ukrainian investor Andriy Ivanov. Quarter Partners completed deals on equity raising and selling to strategic investors totaling over $5 billion.