Growth Capital • Insurance

Apis Partners and Sumitomo Invest In DocDoc

On July 1, 2019, growth capital firm Apis Partners and Sumitomo invested in insurance company DocDoc

Investment Context
  • This is Apis Partners’ 4th and Sumitomo’s 1st transaction in the Insurance sector.
  • This is Apis Partners’ 1st and Sumitomo’s 1st transaction in Singapore.

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Investment Summary

Date July 1, 2019
Target DocDoc
Sector Insurance
Investor(s) Apis Partners
Sumitomo
Deal Type Growth Capital

Target Company

DocDoc

Singapore, Singapore
DocDoc is a data-enabled digital-first health insurance ecosystem with its doctor discovery engine and digital claims processing engine. DocDoc’s patient intelligence and knowledge graph-based doctor discovery engine matches end-users with the most appropriate doctors across Asia and the Middle East. DocDoc is based in Singapore.
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Investors Overview 2

DESCRIPTION

Apis Partners is an investment group focused on investing in financial services companies operating in emerging markets. Specific areas of interest include payments, insurance, credit/savings, capital markets, and tech-enabled service providers. Apis looks to back companies benefiting from increased mobile adoption and access to financial products and services. Apis Partners was established in 2014 and is headquartered in London.


Deal Context for Investor #
Overall 12 of 30
Sector: Insurance 4 of 5
Type: Growth Capital 9 of 17
Country: Singapore 1 of 5
Year: 2019 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-01 CareVoice

Shanghai, China

CareVoice is a SaaS platform that helps private health insurers achieve customer-centricity and optimize workflow, and offers end-to-end services from consumer lifestyle to policyholders’ clinical needs and related administration. CareVoice is based in Shanghai, China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-29 Efficient Group

Pretoria, South Africa

Efficient Group is a diversified financial services group focused on providing professional advice, quality solutions and tailor-made investment products across the full financial services value chain, including asset administration services, asset management services, financial products distribution and professional financial advice to both retail and institutional investors in South Africa. Efficient Group is based in Pretoria, South Africa.

Buy -
Investor

Sumitomo

Tokyo, Japan

Category Company
Founded 1919
Sector Distribution
Employees74,920
Revenue 7.29T JPY (2025)
DESCRIPTION

Sumitomo is a global network and based on trust from companies in various industries and from consumers, Sumitomo Corporation engages in multifaceted business activities by making the most of its Integrated Corporate Strength. These business activities include sales of a variety of products and services within Japan, import and export, trilateral trade, and domestic and international business investment. Sumitomo was founded in 1919 and is based in Tokyo, Japan.


Deal Context for Investor #
Overall 35 of 50
Sector: Insurance 1 of 1
Type: Growth Capital 3 of 5
Country: Singapore 1 of 1
Year: 2019 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-01 SACI-CFPA SA

Paris, France

SACI-CFPA distributes ingredients, develops formulations, and provides solutions to cosmetic manufacturers in France, major market in Europe, and it is acting as one of the largest distributor of its kind that deals exclusively with cosmetic ingredients. SACI-CFPA’s features are the fact that they distributes cosmetic ingredients to over 300 companies including French multinationals having the product portfolio of naturally derived ingredients that are in especially high-demand throughout the European market.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-25 Origin Wireless

Greenbelt, Maryland, United States

Origin Wireless, Inc. is a developer of advanced wireless sensing technologies for various “Smart Life” applications. Origin Wireless is based in Greenbelt, Maryland.

Buy -

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