Biloba is raising a €1.4M seed round led by Aglaé Ventures and ID4
8 months after our €1.2M pre-seed, we are happy to announce a €1.4M seed round led by Aglaé Ventures and ID4, along with existing investors Calm/Storm Ventures, Inventures, Acequia Capital and business angels.
The last year has been quite crazy. We launched our service just over 12 months ago, becoming the first company to provide medical consultations as part of an unlimited subscription. We built our own software for GPs. We grew the team from 4 to 16. We’ve reinvented prescriptions and finally made them readable for the mobile world. Moreover, we even got awarded the permanent price Editor’s choice 2021 by Apple!
Hats off to the entire team for making this happen so fast 😍
I like to think Biloba is a different company. Difference creates extra-ordinary (in two words), and from extra-ordinary, real innovation is created: not just a better version of what already exists, but radically new and different products.
Biloba is made of an unusual team and unusual investors, all working together in one simple direction : changing the way modern parents consume health.
We are operating a new service in a world where the user experience has always been left off, where regulation is central, rules reign and are sometimes outdated. Scale and growth is often seen as suspicious. But more importantly: the business model has never changed over the past 50 years.
Our current health system pays when something goes wrong (sick-care, volume based), whereas it should pay for maintaining our health (health-care, value based).
This is a systemic shift, and it’s finally happening right now.
We make something simple out of a crazy complex problem: health and its accessibility.
It makes the challenge super exciting, and the reward incredible: we are really impacting parents en children lives! What’s a better mission for a company?
We don’t have any competitor, there is no company to look at or be inspired within our space. We create our own path, our own story, our own journey.
We do this with passion, we stay in focus and we play the long term game.
- Where everyone is still providing transactional medical consultations, we offer unlimited consultations within membership. This is a mandatory step to finally move our system from sick-care to health-care, and build the first steps of true preventive medicine.
- While everyone is keeping the model where reimbursements are made by the national social security or private healthcare providers, we are placing the bet on consumer distribution and growth.
- We are convinced that asynchronous is the major shift that will relieve the huge pressure on our healthcare system by saving colossal time and money.
- We are not only improving the quality of care and the global experience for patients, but also for healthcare professionals. They are eager to work with better, faster, more reliable tools, without fear of altering their integrity, dedication and ethics towards the patients.
The next big champions in healthcare — a trillion dollar market, will be consumer companies. Biloba is only at the very beginning of its journey, but we’re going to be a fierce part of this industry revolution. 🙂
Biloba is the #1 app for on-demand pediatric consultations. Consult a doctor for your child in a few minutes, every day from 8 am to 10 pm. Receive the prescription (if necessary) directly through the app.
The service is accessible in an unlimited way & non-binding for monthly subscriptions (12.99 euros), quarterly (24.99 euros) or yearly (79.99 euros). The app is available on the App Store & Play Store.
