The sovereign Russian Direct Investment Fund (RDIF) has pooled efforts with the Russo-Japanese Investment Fund and a number of sizable Middle East funds in raising $4m for Doctis, a Russian telemedicine service, the Russian news agency TASS reported.
At the moment of deal closing the funds secured a 27.4% stake in the innovative service. Prof. Mark Kurzer, a Russian academician and well-known obstetrician and gynecologist who founded the service, now owns 70% of Doctis.
The project aims at helping people keep track of their health status without having to leave the comfort of their homes.
The investment is reported to be funneled into the upgrading of the technology and the fine-tuning of Doctis’ proprietary mobile app. Mid- and long-term plans include an increase in the number of physicians who tap into the technology to provide online consultations, the introduction of artificial intelligence (AI) in the operation, and the creation of Russia’s number one digital clinic by 2020.