Investors include Goldman Sachs (invested in Alibaba, Spotify, Pinterest), Peter Thiel's Founders Found (invested in Airbnb, SpaceX, Lyft), Yuri Milner's DST fund Global (invested in Facebook, Spotify, Flexport, Robinhood). In February 2021, it was about $2.63 billion.Īs of November 2021, Zocdoc has completed ten financial rounds and raised $375 million. In November 2021, the company raised $150 million from Francisco Partners in an undisclosed investment round. Before the pandemic, the company managed to achieve annual revenue growth of 35%, and in the near future, despite the crisis due to COVID-19, Zocdoc plans to break its earnings records. Since Zocdoc already operates in most major US metropolitan areas, further expansion in the Americas may be limited. More companies and health care providers are entering this market. This is 103% higher than $10.6 billion in 2019, according to a report by research firm Mercom Capital Group. In 2020, the amount of funds invested in digital health, including venture investments, public and debt markets, reached $21.6 billion. ZocDoc is an online medical care appointment platform, allowing users to book services for free as well as see other user’s reviews on medical practices and doctors. The company has not officially endorsed a plan to participate in an IPO. Thanks to the pandemic, funding for digital medicine has reached record levels. ZocDoc was founded in 2007 by Cyrus Massoumi, Oliver Kharraz, and Nick Ganju. The number of chronic diseases is increasing, the demand for self-medication medicines and remote consultations is growing. The global telemedicine market is expected to grow by 15% per year and reach $155.1 billion by 2027. In May 2020, Zocdoc founder and CEO Oliver Harraz told Engadget that video consultations now account for between 30% and 40% of all appointments, compared to "virtually zero in early March." The company has already held more than a million online patient appointments with ten thousand specialists in one hundred areas. Zocdoc has become one of the few digital healthcare platforms that supports both face-to-face appointments and online consultations with doctors. The company launched the Zocdoc Video Service (ZVS), which allows patients to securely communicate with doctors, receive consultations and track the progress of treatment online. The platform led the online medical appointments market, and during the pandemic, Zocdoc partnered with Twilio to enter the fast-growing telemedicine market. The company was founded in 2007 and is headquartered in New York. Zocdoc is an online platform where you can find the right doctor, make an appointment and get a video consultation.
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