AskTheDoctor Raises $3 Million Angel Investment Round

Posted by Techvibes NewsDesk

ATD Health Network, owner of question and answer physician advice website AskTheDoctor, has raised an initial $3 million angel investment round from a group of Canadian and American physicians, business leaders, and celebrities.

The investment group includes physicians who will consult for the team of doctors that serve the Toronto-based startup's clients with one-on-one expert advice to serve the people who turn to the web first for their health needs.

"83 percent of North American Internet users look for health information online, the third highest internet activity, ahead of Facebook," explains Prakash Chand, CEO of the ATD Health Network. “Our new investors recognize the immense opportunity of participating in the growth of the top medical Q and A company."

"We serve our clients with valuable direct medical advice from physicians, first online, and in the future we will facilitate referrals and treatment through our clinics and physician appointment booking services," Chand added.

The Canadian comapny is in the process of opening its first clinic in India in Hyderabad, a step en route to becoming a full medical service provider with clinics around the world.

"With rising costs and accessibility barriers health providers will need to take an innovative, streamlined and hybrid approach to get people the care they need," said ATD Chief Medical Officer Dr. Suneel Sharman. “Our goal is to maximize the efficiencies of online physician advice combined with booking services and clinics to help people everywhere get healthcare answers and treatment quickly.”

To facilitate this rollout, ATD says it is set to raise $30 million at a $300 million valuation in its next round of funding.

Company:
Ask The Doctor
Website:
http://www.askthedoctor.com
Location:
Toronto, Ontario, Canada

Askthedoctor.com is an online source of free medical advice for anyone, anywhere, in the world. Users submit their personalized medical questions, free of cost, via a simple-to-use online form. When a question is answered, users are notified by email, and their response is posted on the website. No identifying personal data is shared, thus questions and answers remain anonymous. Depending on the nature of the... more


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Techvibes NewsDesk

Techvibes NewsDesk

Techvibes is Canada's leading technology media property.Founded in 2002, Techvibes covers technology and business news that impacts Canadians. We combine breaking local news with international coverage to deliver a unique balance of insight and information. The Techvibes Newsdesk covers a broad beat and publishes general news stories. If you have a story you would like covered, email... more




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