Investor
Berlin-based digital health company plans to expand in the US market.
The deal is worth $250 million in cash and stock.
This additional funding brings the company's total Series B raise to $120 million.
The acquisition will cost $53.5 million in cash, plus an earnout consideration of up to $24 million and around $5 million in stock to employees joining Doximity.
CEO Katie Reed said the startup will use the funding to hire more trainers and add to its content offerings.
The digital health insurance provider confirmed it has closed one of the largest Series B rounds in the booming African healthtech industry to date.
Also: VisuWell scores $10 million for its telehealth tool, and Epicore Biosystems picks up $10 million for its hydration wearable.
The financing completes firm’s $60.1M Series B round.
Tryl is focused on curbing clinical trial dropout rates through personalized patient engagement.
Also: Koda Health scoops up $3.5 million, and Wavely Diagnostics raises $2 million.