NEW YORK, August 20, 2015 – ZocDoc, the tech company at the beginning of a better healthcare experience, today announced $130 million of funding and a current valuation of $1.8 billion, making it one of New York City’s most valuable private tech companies. The round was led by Baillie Gifford and Atomico, and included participation from existing investor Founders Fund. ZocDoc was among the first to break open the digital health sector, which has attracted $2.1 billion in private funding so far this year.
This new round of funding will support ZocDoc’s continued growth and innovation. The company will more heavily invest in developing products that sit on top of ZocDoc’s core marketplace and extend beyond its hallmark scheduling capability. These products will remain focused on solving patient problems and facilitating even more patient interactions within the healthcare ecosystem.
“Since our inception, we’ve been working to lead the healthcare experience into the digital age, and this funding will help us continue to deliver on our mission to give power to the patient,” said ZocDoc founder and CEO Cyrus Massoumi. “The fragmented healthcare space has produced too many broken systems that get in the way of good care. We aim to be the digital center of care that delivers the simple, seamless healthcare experience patients expect and deserve.”
Today, ZocDoc is live nationwide with a footprint that covers more than 60 percent of the U.S. population. Each month, millions of patients turn to ZocDoc to find in-network neighborhood doctors, instantly book appointments online, see what other real patients have to say, get reminders for upcoming appointments and preventive check-ups, fill out paperwork online, and more. Patients can book more than 1,800 different types of procedures via ZocDoc, across more than 50 different medical specialties.
Alongside this strong, sustained patient growth, healthcare providers have continued to rapidly adopt ZocDoc’s service. ZocDoc works with independent practices throughout the country and has established new partnerships and deepened existing relationships with the country’s most forward-thinking health systems. This business is a major lever for ZocDoc’s growth; the company is on track to more than double its health system client roster again in 2015.
“We are very excited by the potential for necessary and dramatic improvement in global healthcare,” said James Anderson, Partner, Baillie Gifford. “ZocDoc is an early and inspiring example of the role digital health services can play in this potential revolution. We admire what ZocDoc has already achieved for patients and partners. We look forward still more to seeing where its motivated, talented and visionary team can take the company in the decades ahead.”
Based in New York City with offices in Arizona and India, ZocDoc has grown from three founders to more than 600 team members.
ZocDoc is the tech company at the beginning of a better healthcare experience. Each month, millions of patients use ZocDoc to find in-network neighborhood doctors, instantly book appointments online, see what other real patients have to say, get reminders for upcoming appointments and preventive check-ups, fill out their paperwork online, and more. With a mission to give power to the patient, ZocDoc’s online marketplace delivers the accessible, seamless, and simple experience patients expect and deserve. ZocDoc is free for patients and available across the United States via ZocDoc.com or the ZocDoc app for iPhone and Android.