Biloba

Biloba is a teleconsultation and medical assistance platform that facilitates prompt communication between users and healthcare professionals, focusing on family health needs across various medical specialties. Founded in 2018 and headquartered in Paris, France, Biloba provides a telemedicine service that connects users with qualified healthcare professionals. The company has executed a total of 2 deals, with its most recent funding round occurring on July 21, 2020. In this round, Biloba raised EUR 1.

2 million, co-led by Calm/Storm Ventures, Id4 Ventures, Inventures, and Tiny Super Computer Investment Company. Biloba offers a comprehensive teleconsultation and medical assistance application designed to facilitate real-time communication between users and medical professionals across various specialties. The core product functions through instant messaging, allowing users to receive medical advice, consultations, and prescriptions from qualified healthcare professionals within a 10-minute response window. This service addresses the needs of families seeking immediate guidance on health-related questions, including issues related to sleep, nutrition, growth, and mental well-being.

Customers include both individual users—primarily parents—and companies that provide Biloba subscriptions for their employees. The app is available to users in several geographical markets, extending its reach throughout France, particularly in urban regions such as Bordeaux, Lyon, and Brest. Biloba generates revenue primarily through subscription models offered to both individual users and businesses. Families can subscribe to an annual plan that grants unlimited access to the application's medical team from 8 AM to 10 PM, seven days a week.

Companies also have the option to provide Biloba subscriptions to their employee's parents, enhancing workplace benefits. The transaction structure involves direct-to-consumer sales, where users pay for subscriptions to access the service, along with potential partnerships with healthcare providers or insurance companies that could further integrate the platform into employee health offerings. Pricing details for individual subscriptions or corporate plans are set to ensure accessibility for families while maintaining a sustainable revenue stream for the company. Following the EUR 1.

2 million venture funding raised in July 2020, Biloba plans to enhance its service offerings and expand its market reach. The funding will be strategically used to develop new product features aimed at improving user engagement and satisfaction. Additionally, Biloba targets expansion into new geographic markets, focusing on urban areas in France and potentially neighboring countries by 2023. The company aims to leverage this recent investment to support its growth initiatives and to further integrate its services within employee health programs.