According to Tech Crunch, Lightspeed Venture Partners, Vintage Investment Partners, Phoenix Insurance, Munich Re Ventures, Tokio Marine Holdings, and Samsung Ventures (SVIC) were among the investors in the investment round that was headed by aMoon, a venture capital firm that specializes in the health and life sciences.

With the additional funds, Air Doctor will be able to grow its worldwide physician network, improve the features of its platform, and carry on with its insurance company partnerships.

The firm now serves over 80,000 people with partnerships with 18 major health insurance companies and a network of 20,000 doctors spread over 84 countries.

Air Doctor, established by Jenny Cohen Derfler and her son Yam Derfler, is a platform that assists travelers in locating pre-screened physicians for in-person or virtual consultations in more than 84 countries.

The platform is made to coordinate insurance plans of clients with the services provided, overseeing insurance companies' payments of reimbursement to physicians.

According to the service, there will be considerable cost savings on medical aid, outpatient claims, and administrative handling times.

The CEO and co-founder of Air Doctor, Jenny Cohen Derfler, stated in a statement that "the potential is much larger," alluding to the UN's projections that the number of international travelers in 2024 will rise significantly.

After initially concentrating on business-to-consumer (B2C) services, Air Doctor's product has experienced tremendous development. Today, it runs on a B2B2C basis, with insurance firms sending travelers to the platform.

With the completion of its Series A round in 2020, the firm has raised $50 million in total to far.