Media release

TeleClinic raises 7 Million Euros in Series A Funding from leading European investor Idinvest Partners

Munich/Frankfurt am Main, November 29, 2018. TeleClinic has successfully completed its series A funding and raised seven million Euros from Idinvest Partners, with the aim of expanding its market leadership in telemedicine. Having raised two million Euros during its initial financing last November, TeleClinic is now preparing to scale up the business and provide millions more patients digital access to medical care, with new strategic partnerships and marketing activities planned for 2019.

Today, over 50 percent of privately insured patients in Germany have free access to doctors with over 30 specialties thanks to TeleClinic. Furthermore, approximately nine million statutory insured patients benefit from TeleClinic as part of their standard care, with e-prescriptions already available to privately insured patients nationwide. To achieve this, TeleClinic is cooperating with over 7,000 pharmacies throughout the country. Statutory insured patients will follow in 2019, based on a pilot project.

With an annual growth rate of 3.8 percent, the German healthcare sector is growing considerably faster than its GDP and is therefore unaffected by economic trends and shocks. Its private sector, containing medical products or e-health applications, generates 21.3 percent of value added which positions Telemedicine as a promising future market.

Katharina Jünger, CEO of TeleClinic said: “The digitalisation of health care is rapidly advancing. We are playing an active role in this development and believe that TeleClinic provides easy access to high quality healthcare nationwide. As populations get older and health care costs increase, Germany needs to harness telemedicine to tackle these growing demographic challenges. Tele-consultations alone show potential benefits of over 4.4 billion Euros. Therefore, we are delighted to work with a strong partner like Idinvest, with whom we can shape a digital future of healthcare.”

Matthieu Baret, Managing Partner in charge of Venture and at Idinvest Partners commented: “By investing in well-known and successful companies in the digital and healthcare industries, Idinvest Partners has built a reputation as one of the most prominent investors in Europe. The investment in TeleClinic presents another milestone in this strategy. TeleClinic is a pioneer in a promising field of business and in a market with great potential. In an environment of demographic change and increasing gaps in medical care in rural areas, the company fulfils an important social mission and we are pleased to support TeleClinic to achieve this objective.”

-ENDS-

Press contact TeleClinic: public performance | Miriam Piecuch | Hegestraße 40 | 20251 Hamburg T +49 0)40 23 80 12 84 | Mail [email protected]

Media release

About TeleClinic TeleClinic is a digital health platform serving as first point of contact for all your health-related questions. The TeleClinic doctors are available seven days a week, around the clock – without long waiting times. At TeleClinic, all doctors need to be fully licensed in Germany. The medical consultations are conducted via common and modern communication channels. Patients can therefore choose between video chats or phone consultations. E-prescriptions are another area where TeleClinic is a digital pioneer. Ever since 2018, e-prescriptions are possible for privately insured patients. To achieve this, TeleClinic cooperates with 7.000 pharmacies nationwide. To provide patients with free access to the TeleClinic services, the company works closely with several insurances. As of now, eight private and four statutory insurances already cooperate with TeleClinic. By means of working with the Association of Statutory Health Insurance Physicians, TeleClinic furthermore cooperates with all statutory insurances in Baden-Wuerttemberg, which cover digital health care via its infrastructure. Data protection is always a top priority. Therefore, the TeleClinic app meets all legal requirements of the medical products law for CE – Certification. The mission of TeleClinic is to develop digital and effective alternatives for the German healthcare system, which will benefit patients, insurances and doctors alike. www.teleclinic.com

About Idinvest Partners Idinvest Partners is a leading European mid-market and venture capital firm. With close to €8 billion under management, the firm has developed several areas of expertise including innovative startup venture capital transactions; mid-market corporate debt, i.e. single-tranche, senior and subordinated debt; primary and secondary investment and private equity advisory services. Founded in 1997 Idinvest Partners used to be an Allianz subsidiary until 2010, when it branched out as an independent firm. In January 2018, Idinvest Partners joined forces with to create a private equity leader in Europe and North America with €15 billion under management. www.idinvest.com

PRESS CONTACTS Idinvest

Prosek Partners Georgia Brown / Henrietta Dehn [email protected] +44 (0)20 3878 8571

Press contact TeleClinic: public performance | Miriam Piecuch | Hegestraße 40 | 20251 Hamburg T +49 0)40 23 80 12 84 | Mail [email protected]