Doctor on Demand has raised $50 million in Series B funding in a round led by Tenaya Capital, with participation from both new (Qualcomm Ventures, Dignity Health, and 23andMe’s Anne Wojcicki) and existing investors (Venrock, Shasta Ventures, and Sir Richard Branson). The company has raised $74 million to date.
Doctor on Demand plans to use the fresh capital to continue to grow its telehealth service as well as sign up new partnerships. To that end, the company will build out a sales team and procure even more of the larger corporate customer base. Just the other day, they’ve signed up their 200th customer.
Users can connect with physicians via Doctor on Demand either directly or through employer partnerships like Comcast Corporation. The company also works with health plans such as United Healthcare and Blue Cross Blue Shield Association, and claims to provide in-network or subsidized access to more than 25 million Americans.
In its effort to bring telehealth services to as many users as possible, Doctor on Demand is facing tough competition from the likes of HealthTap, MDLive, American Well, Teladoc and many others.
Beyond online service, Doctor on Demand also tries to reach customers in the real world; just recently, they’ve teamed-up with Wegmans grocery store chain to offer virtual visits while people shop.
[Via: TechCrunch]