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Udoc Inc.

Udoc Inc.

Udoc is an online doctor-on-demand service connecting patients and doctors around the world.

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Deal Type

Equity

Funding Goal

$250,000

Current Reservations

$0

Minimum Reservation

$5,000

Maximum Reservation

$250,000

Deal Stage

Seed

Pre-money Valuation

$1,700,000

Open Date

06/22/2020

Closing Date

N/A

Deal Exemption Type

3

Elevator Pitch

Take the Udoc from your pocket. Here doctor in one click away and prescription ready in 10 minutes. Tap Udoc and get advice. Feeling better because it fast. Add more time for enjoying life.

KPIs

800 Users
$7 Sales

Company Overview

Udoc is an online doctor-on-demand service connecting patients and doctors around the world.

Our mission is to bring medical services to a new level and make patients’ life simpler.

It might feel a bit silly to go to an emergency room every time you feel under the weather... But how to calm the anxiety even if you know you’re overreacting? Besides, sometimes it can be dangerous to go to the hospital, especially now — during the pandemic.

Telemedicine is an obvious answer. Why follow the trend? Well, first of all, it speeds up medical service delivery and just makes things more productive. Patients don’t waste their time on making an appointment, waiting in a hospital queue — not to mention hours spent commuting. And teledoctors get more experience and practice — since they can treat more patients.

For patients, we offer flexible consultation options. You can choose either a one-time consultation with a fixed price, or select a subscription for a certain period.

For doctors, we provide an absolutely flexible schedule and a decent payment for consultations.

Udoc’s main feature is providing online medical consultations, but currently, we work on several new directions:

1) Online Prescription

Patients can get their medical prescriptions via the app, and this prescription will be accepted at the patient’s local pharmacy.

2) Urgent House Call

Within 20 minutes, the nearest doctor arrives at the destination. Emergency calls can also be made using voice commands. In that case, the user's location and medical history will be automatically forwarded to emergency medical services.

3) Udoc for Travelers

Travelers will be able to call a doctor wherever they are, regardless of whether they have travel insurance or not. It will also be possible to issue insurance via the Udoc app at an affordable price. Besides, as part of the Udoc for Travellers program, an automatic voice & text translator will be added to the app’s features.

4) Smart Assistant

Udoc is developing a voice assistant capable of determining the most likely patient diagnosis by the indicated symptoms and referring them to the most relevant doctor for a consultation. This assistant is now undergoing machine learning based on the medical histories of thousands of users and will ultimately be a simple form of artificial intelligence.

5) Udoc Community

Patients with a difficult diagnosis (such as rare allergic reactions) can communicate with each other and get a bit of additional advice. Doctors can negotiate and manage difficult cases and share their experiences. Patients with rare diseases can find additional help from the doctors’ community.

At the moment, we provide users with high-quality consultations and offer an enormous amount of work for doctors. We do our best to maximize our ability to provide quality services and bring medical advice to a whole new level.

Traction

  • Web-site + concept. A-B testing of concept, white list gets 700. Subscribers ready to use Udoc.

    April, 2020
  • Launch of Beta-App.

    May, 2020
  • Doctors onboarding to Udoc + App further development. Users onboarding to the full version of Udoc. First subs sales, 7 subscriptions.

    June, 2020

Key Customers & Partners

Wallstreet-Partner Inc. UFD Associate OU

Testimonials

Harold Wedbar
Harold Wedbar
CEO
"It is really good idea regarding of creating of AI in telemedicine services. Udoc project is very interested from technological side. "

Previous Funding

  • $55,000 Equity
  • Raise Source: Self
  • April 2020
  • $30 Equity
  • Raise Source: Investors
  • May 2020

Frequently Asked Questions

What is a Udoc?

We are an online medical consultation service with our own doctor-on-demand app. We work with patients from around the world; however, we do our best to connect doctors and patients from the same region in order to provide the best service and communication possible — so that you can speak your local language and recommend local pharmacies.

Why it's important to you?

Our mission is to bring medical services to a new level and make patients’ life simpler. Telemedicine is speeds up medical service delivery and just makes things more productive. Patients don’t waste their time on making an appointment, waiting in a hospital queue. Doctors won’t have a strict schedule if they don’t want one. Doctor can be online whenever you want, so working day will be really flexible. For patients, we offer flexible consultation options. You can choose either a one-time consultation with a fixed price, or select a subscription for a certain period. For doctors, we provide an absolutely flexible schedule and a decent payment for consultations. We work with patients from around the world; however, we do our best to connect doctors and patients from the same region in order to provide the best service and communication possible — so that you can speak your local language and recommend local pharmacies.

How it works?

3 easy steps to get better: 1. Create a UDOC account. Download the UDOC App on your smartphone or tablet App Store or Google Play. 2. Choose a specialist. Select a doctor from our list of qualified and licensed healthcare specialists. 3. Get help Chat in real time, ask your health questions, and send photos. Get professional advice and recommendations.

What is the main goal of the project's fundraising?

The main goal of fundraising is to create a full-fledged AI (artificial intelligence). In order to provide the best experience, right now we are testing our ML system that collects symptomatic data and matches it with a doctor’s main skills. Patients get better consultations, doctors get the highest rankings. Our main goal in this direction is to create powerful AI that can drastically change the market, providing the better experience in doctor-to-patient connection.

How will the collected funds be distributed?

The funds will be distributed in several directions: We expect to spend about six months on developing all the features: Online Prescription Service, Urgent House Call, Udoc for Travelers, Smart Assistant, Udoc Community, 100.000 MAU (attracting of 100.000 monthly active users).

What We Need & What You Get?

Udoc has had a speedy start. From the very beginning to the first payment it had only been six weeks of development. At such a pace, Udoc can develop into a worldwide market player in just a few months. In order to make Udoc bigger and stronger, we are now looking for partners. You can become an investor and make money with Udoc! We are open for offers from both institutional and private investors. Investment Offer Institutional investors can acquire from 5% to 15% of equity. Private investors — less than 5%. You can become an investor or partner, a user, or test products. Besides, you can tell your friends about the project or post information about us on social networks!

Risks & Disclosures

THIS OFFERING IS SUBJECT TO RISK, INCLUDING, BUT NOT LIMITED TO, THE FOLLOWING:

Udoc start-ups at our stage are risky! Don't invest anything you can't afford to lose.

An investment in Udoc, Inc. common shares involves a high degree of risk including, but not necessarily limited to, the risks described below. These risk factors should be considered along with the forward-looking statements at the end of this Disclosure because these factors could cause our actual results or financial condition to differ materially from those projected in forward-looking statements. The following discussion is not an all-inclusive listing of risks, although we believe these are the more material risks that we face. If any of the following occur, our business, financial position, results of operations or cash flows could be negatively affected.

Documents

Confidential

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