Med­i­cal book­ing startup Zoc­Doc val­ued at US$1.8 bil. in latest round

The China Post - - WORLD BUSINESS -

Zoc­Doc, a startup al­low­ing con­sumers to book ap­point­ments with med­i­cal pro­fes­sion­als, said Thurs­day it raised US$130 mil­lion in a fund­ing round, giv­ing it a val­u­a­tion of US$1.8 bil­lion.

“Since our in­cep­tion, we’ve been work­ing to lead the health care 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 chief ex­ec­u­tive Cyrus Mas­soumi in a state­ment.

“The frag­mented health care 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 health care ex­pe­ri­ence pa­tients ex­pect and de­serve.”

The fund­ing round was led by in­vest­ment firms Bail­lie Gif­ford and Atomico, and in­cluded par­tic­i­pa­tion from ex­ist­ing in­vestor Founders Fund.

Ac­cord­ing to the state­ment, Zoc­Doc is among lead­ers in a dig­i­tal health sec­tor which has at­tracted US$2.1 bil­lion in pri­vate fund­ing so far this year.

Zoc­Doc op­er­ates across the United States and cov­ers an area with more than 60 per­cent of the U.S. pop­u­la­tion.

It of­fers online book­ings, re­views and other ser­vices to con­nect con­sumers with thou­sands of med­i­cal pro­fes­sion­als.

Ac­cord­ing to a state­ment from the New York- based firm, the fund­ing will sup­port Zoc­Doc’s con­tin­ued growth and in­no­va­tion and al­low it to de­velop ad­di­tional ser­vices be­yond sched­ul­ing.

These ser­vices will be “fo­cused on solv­ing pa­tient prob­lems and fa­cil­i­tat­ing even more pa­tient in­ter­ac­tions within the health care ecosys­tem,” it said.

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