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ZocDoc Gains Additional $25 Million in Funding

Health IT start-up ZocDoc has managed to raise $25 million in a recent series c round of funding led by investment bank Goldman Sachs.

The company, which allows patients to book appointments with doctors in their area for free, has now received $75 million in total funding.

"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," said Cyrus Massoumi, co-founder and CEO of ZocDoc.

"By speeding our growth, we are building the healthcare infrastructure needed to effectively scale this massive industry." he added.

ZocDoc allows patients to book appointments with doctors online and doctors pay a monthly $250 as subscription. The company claims that the doctors get at least two patients each month from the service, which covers their subscription cost.

The company also claims that its platform is used by 700,000 patients each month and offers 5.3 million available appointments from doctors covering more than 40 medical specialities. ZocDoc currently has offices in 11 US cities and plans to cover the entire country over the next 1-2 years.

Ravi Mandalia
Ravi Mandalia

Ravi Mandalla was ITProPortal's Sub Editor (and a contributing writer) for two years from 2011. Based in Ahmedabad, India, Ravi is now the owner and founder of Parity Media Pvt. Ltd., a news and media company, which specializes in online publishing, technology news and analysis, reviews, web site traffic growth, web site UI. Ravi lists his specialist subjects as: Enterprise, IT, Technology, Gadgets, Business, High Net Worth Individuals, Online Publishing, Advertising, Marketing, Social Media, News, Reviews, Audio, Video, and Multi-Media. He has also previously worked as Dy. Manager - IT Security at (n)Code Solutions.