DLA Piper has advised Doc+, one of the largest Russian digital health startups, on a US$5 million round of financing from its existing investors – Baring Vostok, Russia's top private equity fund, and Yandex, one of Europe's largest internet companies.

The startup already partnered with Yandex.Health, an online medical consultation service, and raised US$5.5 million in the previous round from Baring Vostok and Yandex in July 2016.

Founded in 2015, Doc+ is ranked top-20 in Europe and earned revenues of US$1.2 million in 2016 with 70,000 app installations and 60,000 doctor visits. The new injection of money will be used to develop advanced digital health services, and to expand the core business of on-demand visits and telemedicine consultations of Doc+.

Leo Batalov, Corporate partner and Global Co-Chair of the Emerging Growth and Venture Capital practice at DLA Piper, commented: "We are witnessing a significant intensification of the competition in the Russian e-health sector and are delighted to contribute to Doc+'s unprecedented growth. We are also proud to become a law firm of choice for medical startups in the region and to have been involved in the majority of recent digital health transactions in Russia."

Led by Leo Batalov, DLA Piper's team included Andrei Sheetkin, Corporate senior associate, and Tatiana Askarova, Corporate associate, in the Moscow office.