Zocdoc

Khosla Ventures And Founders Fund Invest $15M In Health Appointment Platform ZocDoc

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ZocDoc, a medical appointment scheduling startup that launched at TechCrunch 40, has raised $15 million in Series B funding led by Founders Fund with existing investor Khosla Ventures participating in the round. This brings the startup’s total funding to nearly $20 million. Marc Benioff and Jeff Bezos have previously invested in ZocDoc.

ZocDoc automates a task that can be incredibly frustrating and time-consuming for consumers. ZocDoc allows users to book their doctor appointments online, even for same-day appointments (around 40% of ZocDoc users schedule same-day appointments). Patients can see real-time availability of doctors in their area, confirm who accepts their insurance plan and read feedback and reviews of doctors from other patients.

The service currently offers patients more than 1 million available appointments across 20 specialties. The company has launched regional sites in New York, Washington DC, Chicago, and most recently San Francisco.

One of the biggest barriers to expansion is the challenge of signing up and indexing all of the doctors in a given city, says founder and CEO Cyrus Massoumi. But as the site’s notoriety has grown, Massoumi says that doctors are now approaching ZocDoc to be listed. And the new funding will be used to help ZocDoc expand its network of practitioners and accelerate its nationwide growth. ZocDoc plans to expand to a number of cities in the next year, including Dallas, LA, Boston and Houston.

Massoumi adds that with the recent passage of healthcare reform, an estimated 30 million new patients will have access to healthcare while the number of doctors will remain the same. ZocDoc can help doctors mitigate this increased traffic by putting doctor’s schedules online.

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