One-Liner
Medpeople is Europe’s First Healthcare Marketplace, a comprehensive suite of tools for clinicians (nurses and doctors) and clinics (healthcare departments). A toolbox that covers digital staffing, job hunting, networking, career management, and HR support. All linked up with government quality checks and fintech solutions for hassle-free payments and invoices.
Traction and Ask
With €3,4M annual revenues in the last 12 months (40% YoY), 6,500+ registered Clinicians and 1,200+ Clinics such as Karolinska University hospital, Medpeople is now looking to raise €500k in seed funding. The ideal investor would have expertise in the healthcare sector, marketplace technology and the European market. The investment is needed to:
- Speed up international expansion, initially to The Netherlands.
- Reach 10,000+ registered Clinicians and 2 000+ Clinics by end of 2024, mainly through investments in digital marketing and active, strong presence in selective social media.
- Strengthen the team with 3 new hires in sales and 2 new hires in tech development.
Market, Business Model, Financials and Team
Founded in 2016 in Stockholm, Medpoeple is aiming to take a significant share of the European healthcare staffing, recruitment and community market. The Western Europe market is expected to reach a valuation of > $23Bn in 2023 and to grow (CAGR 4,6%) to $36Bn in 10 years.
Medpeople is monetizing through a mix of subscription fees, success fees and revenues from commercial ads charged mainly to Clinics. Revenue growth is projected to surpass €30M in 2026 with an EBITDA margin > 12%.Medpeople reached a positive EBITDA in 2022.
Medpeople team of 11 (4 full-time co-founders, 7 full-time employees) and 5 advisors, with 50% total current ownership in the company, combines several decades of business management, product development and healthcare expertise.
Competitive Advantage
Compared to competitors like Medwing and Zorgwerk, Medpeople is not a Staffing or Recruiting company! Medpeople is a technology-driven marketplace niched to the healthcare sector. We collaborate closely with clinics and clinicians to fulfill their long, medium and short-term needs (shortage of staff and time) through a comprehensive suite of tools. This approach fosters lasting customer loyalty and relationships.
Round Details
At a €7M pre-money valuation, Medpeople aims to close this seed round by November 30, 2023. Some existing investors have already soft committed to join with €50k.The minimum investment ticket size is €30k.
Medpeople has previously raised €400k in private capital from Swedish angel investors and family offices in 2022 and a €400k loan from ALMI to develop our core platform and grow our user base. Now in the scale-up phase, Medpeople is equipped with a mature product and is on a fast track to expanding across Europe, aiming to become the top healthcare personnel marketplace on the continent.
Mepeople is seeking to exit via IPO, or strategic trade sale in 3 years at a target valuation of > €250M (30x return of investment).
Get in Touch
Kave Soultani, Co-founder and CEO, together with the management team are speaking with potential investors over the next few weeks and are keen to pitch, demo and open up their KPIs and financial plans in detail.