Total amount raised
$25.6 Millions
Latest funding date
4/1/2023
Location
Dozee has successfully raised funding through multiple rounds, attracting significant interest from investors. The company specializes in contactless remote patient monitoring systems powered by AI.
Keep reading to explore the details of Dozee's fundraising journey and the investors backing this innovative health tech platform.
What Is Dozee?
Founded in 2015 by Mudit Dandwate and Gaurav Parchani, Dozee is headquartered in Bengaluru, Karnataka, India. The company specializes in contactless remote patient monitoring systems powered by AI.
Dozee's technology captures micro-vibrations caused by heartbeats, respiration, and body movements using a sensor sheet placed under a mattress. This data is analyzed to provide bio-markers like heart rate, respiration rate, and blood pressure with clinical-grade accuracy.
With a team of 101-250 employees, Dozee aims to simplify healthcare and make it more accessible through early intervention and continuous monitoring.
How Much Funding Has Dozee Raised?
- Series A
- Amount Raised: ₹440M
- Date: July 2021
- Lead Investors: Prime Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance product development.
- Venture Round
- Amount Raised: ₹125M
- Date: September 2020
- Lead Investors: 3one4 Capital, Prime Venture Partners, YourNest Venture Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and invest in R&D.
- Non-Equity Assistance
- Amount Raised: Not disclosed
- Date: July 2020
- Lead Investors: JioGenNext
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To receive strategic support and mentorship.
- Venture Round
- Amount Raised: ₹710M
- Date: January 2022
- Lead Investors: Gokul Rajaram
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance technological capabilities and expand market presence.
- Venture Round
- Amount Raised: $2.5M
- Date: January 2023
- Lead Investors: British International Investment
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support expansion into new markets and improve product offerings.
- Series A
- Amount Raised: $6M
- Date: April 2023
- Lead Investors: State Bank of India, J&A Partners Family office, Dinesh Mody Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand reach within India, explore global opportunities, and invest in R&D.
Total Amount Raised: $8.5M + ₹1,275M
Current Valuation: Not publicly disclosed
Key Investors
- Prime Venture Partners
- Details: Prime Venture Partners is an early-stage venture capital firm based in India. They focus on investing in technology startups that have the potential to disrupt traditional industries.
- Investment Focus Areas: Technology, Fintech, SaaS
- Notable Investments: MyGate, Happay, Quizizz
- 3one4 Capital
- Details: 3one4 Capital is an early-stage venture capital firm that invests in technology, consumer, and enterprise sectors. They are known for their hands-on approach in helping startups scale.
- Investment Focus Areas: Technology, Consumer, Enterprise
- Notable Investments: Licious, Darwinbox, BetterPlace
- YourNest VC
- Details: YourNest VC is an early-stage venture capital firm that focuses on deep tech and IoT startups. They aim to support innovative companies that have the potential to create significant impact.
- Investment Focus Areas: Deep Tech, IoT, AI
- Notable Investments: Uniphore, Arya.ai, SmartQ
- State Bank of India
- Details: State Bank of India (SBI) is a major public sector bank in India, providing a wide range of banking and financial services. They have a venture capital arm that invests in technology and fintech startups.
- Investment Focus Areas: Banking, Financial Services, Technology
- Notable Investments: Various strategic investments in fintech and technology startups
- Dinesh Mody Ventures
- Details: Dinesh Mody Ventures is an investment firm with a focus on healthcare and pharmaceuticals. They are known for their strategic investments in the healthcare sector.
- Investment Focus Areas: Healthcare, Pharmaceuticals
- Notable Investments: Information not provided
What's Next for Dozee?
Dozee is poised to capitalize on a significant opportunity by expanding its reach to over 2,000 hospitals across more than 100 districts in India. This ambitious plan, coupled with the company's recent US FDA 510(k) clearance, positions Dozee to explore global markets and enhance its R&D capabilities.
Future fundraising efforts are likely as Dozee scales its operations and seeks to attract international investors. However, the company may face challenges such as navigating regulatory requirements in new markets and ensuring the scalability and reliability of its technology. Despite these hurdles, Dozee's innovative approach and strategic collaborations offer a promising path forward.
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