8 months after their €1.2M pre-seed round, Biloba has closed a €1.4M Seed round led by Id4 and Aglaé Ventures, along with existing investors Calm/Storm Ventures, Inventures, Acequia Capital and business angels.
Founded in 2018 in Paris, Biloba aims at reinventing the way to consult a doctor, starting with on-demand pediatrics. Biloba connects people with medical professionals for instant medical consultation via chat, with the possibility to send photos and videos. To date, they mainly focus on parents of young children (0-24 months) to enter the market. They ambition to make healthcare a product easily consumable just like any other digital product, disrupting an expensive and inefficient industry.
Their product continues to gain momentum, while addressing a largely unsolved issue: accessing medical professionals anywhere, within minutes,almost anytime to ensure the best care for our children, at an affordable price:
· The intuitive messenger service in their mobile app is ubiquitous.
· Health professionals provide answers in less than 10 minutes, 7 days a week from 8am to 10pm, weekends and holidays included.
· Customers enjoy an unlimited access to the service for a subscription that can be as low as $8/month.
They perfectly address a complementary format for minor issues, or even prevention / simple daily questions, offering a frictionless and intuitive journey: no more travel, no more appointment nor waiting time. Moreover,they even got awarded the permanent price Editor’s choice 2021 by Apple!
But their disruption does not only rely on the service itself, but also on their consumer subscription model. In a timely manner, they leverage the booming on-demand economy replacing traditional business models: after music, video, cloud storage, they might be the “Netflix of the medical advices”.
With the current imperative of social distancing and a traditional consultation journey in need of disruption, Biloba is definitely a game changing start-up with a promising future. Id4 Ventures is proud to support them, reflecting our deep commitment in bringing forward innovative and value creative solutions to traditional industries.
A warm congratulation to the entire team for making this success happen so fast…and this is only the beginning of their great journey!
More details here