Only a few weeks after offering its online physician finder and scheduling platform to employer wellness programs, digital health company ZocDoc has raised $152 million, according to Fortune. It cited a document released by VC Experts, which valued ZocDoc at $1.6 billion
A fundraise at this time would certainly support its move into the $600 million employer wellness market. It would also help it meet its goal to have a presence in every state in the country by the end of the year. As of March, its scheduling and physician-finder service was available in 40 percent of the country and surpassed 5 million users.
Its ZocDoc for Business unit sends employees wellness reminders personalized according to their medical history and age with the goal of triggering immediate action. The channel is intended to improve patient engagement and help employers to assess the effectiveness of their wellness program. Most of the employees’ appointments booked through ZocDoc for Business are with in-network healthcare providers to help employers control costs.
When Investment Rhymes with Canada
Canada has a proud history of achievement in the areas of science and technology, and the field of biomanufacturing and life sciences is no exception.
Backers who participated in a previous $75 million Series C round include Goldman Sachs and DST Global. Among its other investors are Amazon founder Jeffrey Bezos, Founders Fund, Khosla Ventures, Marc Benioff and SV Angel.
