What we do
ETCI: European Tech Champions Initiative
Scale-up financing gap
ETCI milestones and events
News and multimedia
Institutional investors
Equity products
AI Co-Investment Facility
Impact investing at the EIF
Climate & Infrastructure Funds
Technology Transfer
European Angels Fund (EAF) - Co-investments with Business Angels
Venture capital
The Social Impact Accelerator (SIA)
Lower mid-market
Mezzanine Facility for Growth
EFSI Equity instrument
Single EU Equity Financial Instrument
COSME - Equity Facility for Growth
InnovFin Equity
Private equity secondary market transactions
EIF-NPI Equity Platform
ESCALAR Programme
Debt products
New ESIF ERDF Guarantee Fund initiative in Greece
EFSI Private Credit Programme
AGRI Guarantee Facility
AGRI Italy Platform Uncapped Guarantee Instrument
Credit enhancement
Cultural and Creative Sectors Guarantee Facility (CCS GF)
ENSI - Securitisation Initiative
Erasmus+ Master Loan Guarantee Facility
Skills & Education Guarantee Pilot
EREM debt products
Single EU Debt Financial Instrument
Documentary Finance Facility – Bulgaria
The SME Initiative
The SME Initiative Bulgaria
The SME Initiative Finland
The SME Initiative Italy
The SME Initiative Malta
The SME Initiative Romania
The SME Initiative Spain
Inclusive finance
EaSI Financial Instruments
EaSI Capacity Building Investments Window
EaSI Guarantee Instrument
EaSI Funded Instrument
European Progress Microfinance Facility
Entrepreneurs supported through Progress Microfinance
European Fund for Strategic Investments (EFSI)
How does EIF contribute to EFSI
How to apply for EFSI financing
Regional Development - Country and sector-specific initiatives
Normandie Garantie Agri
FAIRE - La Réunion
Auvergne Rhône-Alpes FEADER
Recovery Equity Fund of Funds of Bulgaria
Fons d’Inversió en Tecnologia Avançada (FITA) Catalonia
Dutch Future Fund (DFF)
Dutch Alternative Credit Instrument (DACI)
PORTUGAL BLUE: a new initiative for blue economy investments
JEREMIE Greece Reflows – Business Angels’ Co-Investment Equity Instrument
German Corona Matching Facility (CMF)
Portugal Growth programme
Central and Eastern European Technology Transfer (CEETT)
Croatian Growth Investment Programme (CROGIP) II
Croatian Growth Investment Programme (CROGIP)
Croatian Venture Capital Initiative 2 (CVCi 2)
AGRI Italy Platform Uncapped Guarantee Instrument
ALTER’NA – ESIF EARFD Nouvelle-Aquitaine
Baltic Innovation Fund 1 (BIF 1)
Baltic Innovation Fund 2 (BIF 2)
Central Europe Fund of Funds (CEFoF)
Croatian Venture Capital Initiative (CVCi FoF)
Competitiveness Fund-of-Funds for SMEs in Romania
The Cyprus Entrepreneurship Fund (CYPEF)
Deep and Comprehensive Free Trade Area Initiative East Guarantee Facility (DCFTA)
Dutch Growth Co-Investment Programme
Dutch Venture Initiative (DVI-II)
ESIF Fund-of-Funds Greece
EAFRD FoF Portugal
EAFRD FoF Romania
The ERP-EIF Facility
ERP-EIF Co-Investment Growth Facility
The LfA-EIF Facilities
The German Future Fund (GFF) - EIF Growth Facility
INAF – French National Agricultural Initiative
ESIF Energy Efficiency and Renewable Energy Malta
Regional Fund-of-Funds Romania
ESIF Fund-of-Funds Czech Republic
The Silesia EIF Fund of Funds
La Financière Région Réunion
The EIB Group Risk Enhancement Mandate (EREM)
Call for Expression of Interest for FOSTER II
Greater Anatolia Guarantee Facility (GAGF)
G43 - Anatolian Venture Capital Fund Project
InvestBG Equity Instrument
Romania Recovery Equity Fund of Funds
JEREMIE Romania Reflows – Equity Instrument
Luxembourg Future Fund 1 (LFF)
Luxembourg Future Fund 2
Mezzanine 'Fund of Fund' for Germany (MDD)
NEOTEC resources
Polish Growth Fund of Funds (PGFF)
Portugal Venture Capital Initiative (PVCi)
Scottish-European Growth Co-Investment Programme
Slovene Equity Growth Investment Programme (SEGIP)
Swedish Venture Initiative (SVI)
Turkish Growth and Innovation Fund (TGIF)
Western Balkans Enterprise Development & Innovation Facility (WB EDIF)
EAFRD FoF Greece
Irish Innovation Seed Fund (IISF)
RRF Czech Republic Fund of Funds

Docly: digital consultations


“Anyone who has tried digital consultations, and gained confidence with them, will not go physical unless it’s needed,” says Magnus Nyhlén, doctor and founder of Docly. “Obviously, for many conditions, physical consultations are still paramount. If you’re a 50-year old smoker with chest pain, you won’t be seeing an online doctor. But there is a whole range of situations that can be addressed digitally.”

Docly offers an online solution to relieve healthcare professionals from a huge volume of cases that can be dealt with digitally, freeing up precious time and resources for serious cases that require physical care. “In healthcare, typically 10% of patients take up 90% of the resources. We decided to look on the other side instead and take away the bulk of cases from physical care.”

Docly collects structured data from patients so that doctors can quickly and efficiently assess a situation, sending the patient for further analysis or resolving the issue swiftly, without the need for a physical consultation. This means savings for the healthcare budget and the patients as well. “If you think about it, 90% of the time in consultations, the doctor is asking questions. We have structured these questions so the patient can answer everything before having to come in and be seen. We’re seeing that 85% of cases are resolved through text communication digitally, without the need for a consultation in person. In a sense, it’s is similar to what is happening in the banking sector, where things like online banking now allow consumers to do much of the work themselves, freeing up resources for other more demanding tasks,” Magnus explains.

It’s not difficult to imagine how this kind of software could be very useful during situations of crisis, like the current COVID-19 pandemic: “We have seen demand increasing rapidly over the past month,” Magnus adds, “Usually our clients are younger, but now the service is being used increasingly by older people too as they prefer not to go out. I think there will now be a shift in attitudes. Patients have been ready for digital consultations for a long time, and governments have been coming around too. At the end of the day, it saves time and resources and can help keep people away from infection centres.”

In 2018, Docly received an equity investment from EQT Ventures, a venture capital firm backed by the EIF under the EU’s Investment Plan for Europe. This allowed the company to set up its business in the UK: “At the time, we had a solid presence in Sweden. With the investment, we set up our office in the UK and teamed up with the NHS. This partnership is as much about doctor/patient readiness as it is about financing models. But attitudes are changing rapidly.”

Company:  Docly (Sweden)

Type of business: healthcare

EIF financing: EFSI

Financial intermediary: EQT Ventures

For further information about EIF intermediaries in Sweden, please refer to: http://www.eif.org/what_we_do/where/se


We use cookies to give the best browser experience on our website. or change cookie settings.

Note: Following the recent withdrawal of the United Kingdom from the European Union, we are updating the relevant EIF.org pages.


Copyright ©

 European Investment Fund   – The European Investment Fund is not responsible for the content of external internet sites.