French startup Doctolib will acquire encryption startup Tanker. French unicorn, Doctolib, develops software-as-a-service (SaaS) products to help doctors and medical professionals with admin related tasks. Doctolib is acquiring Tanker in a cash and stock transaction, which would value Tanker from €25 million to €30 million.
This transaction would make Doctolib's valuation at roughly €3 billion.
Tanker, on the other hand, helps healthcare tech companies secure user data. No third party can decrypt the data if sent by Tanker. Its customers include insurance policy startup Alan and telehealth startup Qare. Doctolib functions as a reserving platform that connects physicians and patients. The company claims that an estimated 300,000 healthcare professionals use their services and 60 million men and women across Europe have used Doctolib's services.
Doctolib received €1 million in seed funds and then €4 million in Series A round led by Kerala Ventures. Later in 2015, they raised $20 million from Accel in Series B round. In 2017, they raised 2 funding rounds. In the Series C round they raised $28 million from Bpifrance and $42 million in the Series D round by Eurazeo.