Russia: Yandex-Baring Vostok put $5m in DOC+; Sistema VC leads Youdo round

Subscribe to our newsletter

Skyscrapers at night in Moscow

Baring Vostok Capital has led a $5.5-million investment in telemedicine startup DOC+ alongside Yandex, while online marketplace YouDo.com has secured a $6.2-million Series C in a round led by Sistema Venture Capital.

Baring Vostok leads investment in telemedicine startup DOC+

Telemedicine startup DOC+ has raised $5.5 million in a round led by Baring Vostok Capital PartnersRussian Internet services firm Yandex also participated in the round. The deal will see them acquiring a minority stake in the venture.

Baring Vostok is among the most established Russian investment funds, with investments in Yandex and Ozon.

Serving Moscow and surrounding areas, DOC+ partners with over 15 Russian medical insurance companies. It claims to have performed 12,000 calls since inception in September 2015.

Proceeds from the investment will be spent on expansion to other cities as well as on marketing.

DOC+ has raised an estimated 35 million rubles ($547,000) from a syndicate of angel investors which included Florian Jansen, a major executive at Lamoda.ru, OneTwoTrip’s CEO Mikhail Sokolov, and Winter Capital’s executive director Mikhail Tsyferov.  

YouDo.Com, raises $6.2m Series C

YouDo.com a free-to-use service marketplace that allows consumers search and hire local contractors for household tasks, has closed a $6.2-million Series C financing round, led by Sistema Venture Capital, along with existing investors Sergey Solonin, Flint Capital and United Capital Partners.

The funds will go towards strengthening its market leadership in Russia and expand its operations internationally, including to the US, Europe and Asia. Previous equity financing rounds saw YouDo.com raise a $1 million Series A from Flint Capital in 2013, followed by a Series B round from Flint Capital, United Capital Partners and Solonin.

This investment follows the growth of the Russian online marketplace economy over the past few years.

Alexey Gidirim, Co-Founder of YouDo.com, said, “the new round of funding will allow us to test new ideas, and launch services over the next 12 months, in several major cities that represent key markets outside of Russia,” added Gidirim.

“Over the last several years, digital marketplaces have allowed individuals to more easily monetize their time and skills, changing the fundamental way we think about employment while simultaneously increasing productivity and reducing unemployment,” said Alexey Katkov, President of Sistema VC.

Also Read: 

Russia’s largest bank is latest investor in ride sharing app Uber

Russia Digest: Prisma secures investment from My.com; VisionLabs closes $5.5m round

Russia Digest: Blackmoon expands to US; Rostec unit to back digital products

Russia Digest: RDIF funds Hyperloop One; Chefmarket raises $1.3m seed round

Sistema to buy back 17% of Indian unit from Russia govt