ZocDoc, a service dedicated to improving access to healthcare, announced it has received a Series C investment from Goldman Sachs, bringing the Series C investment in ZocDoc to $75 million, following a previous investment from DST Global. Total investment in the company has reached $95 million to date. The most recent funding will enable ZocDoc to speed its expansion into additional regions.
ZocDoc allows patients to find nearby doctors who accept their insurance and book appointments instantly online. The service taps into the hidden supply of medical providers’ availabilities (such as the 10 to 20 per cent of medical appointments that are cancelled or rescheduled at the last-minute). Doctors pay $250 per month for ZocDoc, the service is free for patients.
ZocDoc is currently available in 11 metropolitan areas, six of which were launched in 2011 to date. There are more than 5.3 million available appointments with doctors and practitioners from among over 40 medical specialties. Over 700,000 patients use the service each month, according to the company.
Investors in the company also include Jeff Bezos, Founders Fund, Khosla Ventures, Marc Benioff, and SV Angel. You can read ZocDoc CEO and Co-Founder Cyrus Massoumi’s blog post on the funding here.
Cyrus Massoumi (Co-Founder and CEO, ZocDoc): We are delighted to receive this funding from Goldman Sachs, which will help enable us to bring ZocDoc’s promise of improved access to healthcare to more patients. By speeding our growth, we are building the healthcare infrastructure needed to effectively scale this massive industry.