Dive Brief:
- ZocDoc, based in New York and founded in 2007, announced Thursday that it has raised an additional $130 million in funding, bringing the digital healthcare company's value to $1.8 billion.
- The funding round was led by Baillie Gifford and Atomico, with participation from existing investor Founders Fund.
- The proceeds will be used to help the company expand its capabilities, the company says. It currently helps patients find local in-network doctors, book appointments, get reminders, fill out paperwork, and more.
Dive Insight:
ZocDoc aims to remain at the forefront of digital healthcare innovation by developing products that solve additional patient problems and facilitate more patient interactions within the healthcare ecosystem, the company says.
“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 in a prepared statement.
Massoumi suggests the fragmentation of the healthcare space has gotten in the way of care and that ZocDoc will be the "digital center of care."