Fortino Capital has announced the investment of €2.2 million in Dobco Medical Systems, a Belgian software company specializing in online solutions for medical imaging. Fortino Capital will help Dobco Medical Systems’ management with the further development of their platform and their international expansion.
Dobco Medical Systems was founded in 2011 and quickly became the reference for online medical imaging in the Benelux. Their most well-known solution, the PACSonWEB platform, is used in 9 out of 10 Flemish hospitals.
PACSonWEB is a secure cloud platform that provides an efficient way to exchange medical images and reports between all involved parties. Dobco is thus able to simplify complex processes within medical imaging and provide doctors and patients with medical information faster, more accurately and in a secure manner.
“Together with Fortino Capital, Dobco Medical Systems can take the next step and further scale up the company. Thanks to Fortino Capital’s knowledge of Software-as-a-Service, as well as their experience in putting companies on the map in an international context “, confirms Jan Dobbenie, CEO at Dobco Medical Systems.
Dobco’s aim is to further expand its platform and service offering both in Belgium and internationally to Norway, Switzerland, the Netherlands, France and Cyprus. With Fortino as its partner, the company is looking to strengthen its sales team so it can meet the increasing international demand.
Matthias Vandepitte, partner at Fortino Capital, explains: “We are impressed with the expertise at Dobco Medical Systems. Their commercial traction confirms the added value for their customers, as well as the potential for further international growth. This explains our enthusiasm to further grow the company together with the Dobco team.”
Dobco Medical Systems has a turnover of approximately €3 million and currently employs 24 people. With this investment, Fortino Capital emphasises its role of providing growth capital to companies that are successful in their domestic market, such as Dobco Medical systems, to further grow on an international level. This venture capital investment is the tenth software investment in Fortino Capital’s portfolio.