Winter Capital Partners becomes
a shareholder of DocClub

March 20, 2021 – Winter Capital Partners completed the acquisition of a 20-percent stake in DocClub, an online professional development platform for health professionals. The company plans to use the capital to expand business in major Russian cities.

The Russia-based startup develops medical simulators with the aim of reducing medication errors. The core product of the service is Doctor's Simulator, an online diagnosis and treatment tool, based on data from real patients and helping medical professionals to gain practical experience using virtual examples.

The funding round followed a pilot project conducted by DocClub in the Yaroslavl region, where 107 out of 150 registered neurologists had joined the online platform in two months. The company intends to use the fresh capital to expand in Russian cities with a population of over one million, where it hopes to attract more than 4,500 of medical specialists.

World Health Organization (WHO) estimates the global annual cost of medication errors at $42 billion, or almost 1% of total global health spending. Virtual educational services are expected to be in-demand in the Russian medical community amid the general trend of rising complaints against doctors. In addition, the Covid-19 pandemic and staff shortages have pushed the risk of professional burnout and fatigue among medical specialists, thus increasing the likelihood of medication errors.
For additional information contact:
Darya Timakova
Communications Director
Winter Capital Advisors
Tel: +7 (495) 139-00-00
Email: Darya.Timakova@wintercapital.com
About DocClub
The DocClub online professional development platform for doctors was created in 2019 by Mikhail Litvinenko. The startup has successfully completed a pilot stage focused on neurologists in the Yaroslavl region, where the service penetration reached about 60%, while its monthly activity accounted for more than 70% of the existing base. DocClub began its first funding round in December 2020 and intends to use the proceeds to expand its business geography to seven Russian cities with a population of more than a million people. The company also plans to boost its doctor base to 10,000 and launch new simulators for doctors of other specialties.
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About Winter Capital Partners (WCP) Investment Funds
With total assets under management exceeding $1 billion, Winter Capital Partners (WCP) investment funds focus on private equity and venture capital investments in Europe, USA and emerging markets. The funds invest in fast-growing companies in a range of industries: from healthcare to education, financial and consumer services, as well as technology.
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Contacts
21st floor, Imperia Tower, Moscow City
6/2 Presnenskaya Embankment
Moscow 123317 Russian Federation