Cleary Gottlieb represented a consortium of Winter Capital, VNV Global, and UNIQA Ventures in the fourth investment round in BestDoctor.
The transaction was signed and closed on May 21, 2021. Other notable existing investors into BestDoctor include funds Target Global and AddVenture.
BestDoctor is the first and fast-growing Russian medical insurance technology company offering high-tech insurance products for corporate clients. Two founders of BestDoctor—Mark Sanevich and Mikhail Belyandinov—were ranked by Forbes in their “30 under 30” ranking for Russia in 2020. BestDoctor’s client portfolio comprises over 140 companies, including, among others, Mail.ru Group (one of the leading internet business in Russia listed on the London Stock Exchange), OZON (one of the leading e-commerce company in Russia that went public on the NASDAQ in 2020), ivi.ru (a leading Russian online cinema), MegaFon (one of the largest telecom operators in Russia), and AliExpress in Russia (a global leading online marketplace).
Winter Capital specializes in private equity and venture capital investments in Europe and developing markets, with total assets under management worth more than $1 billion in investments into fast growing companies in sectors, such as healthcare, education, financial services, retail, and technology.
VNV Global invests in high-growth technology companies with the potential to become global leaders, has more than 20 years’ worth of experience, and is listed on the NASDAQ Stockholm Exchange (ticker VNV). Its investment portfolio includes, among others, BlaBlaCar (a global online marketplace for carpooling), Gett (a leading global technology platform focused on corporate ground transportation management), and OneTwoTrip (a leading digital flight and holiday booking engine in Russia).
UNIQA Ventures invests in fintech, insurtech, digital health, internet of things, artificial intelligence and machine learning, and blockchain sectors, and is backed by UNIQA Group, a leading insurance group in its core markets of Austria and Central and Eastern Europe, and part of Raiffeisen Bank International group. Its investment portfolio includes, among others, Tide (a leading UK financial technology company providing mobile-first banking services for small- and medium-sized enterprises), Telemedico (one of the largest providers of telemedicine in Europe), and Luko (a rising France-based insurance tech company selling home insurance products).