ZocDoc raises $130M for a valuation of $1.8B


Doctor booking platform ZocDoc raised $130 million of funding at a valuation of $1.8 billion, making it one of New York City’s most valuable private tech companies! Baillie Gifford and Atomico led the round, with participation from existing investor Founders Fund.

The company will use the new funds to more heavily invest in developing products that sit on top of ZocDoc’s core marketplace and extend beyond its scheduling capability. These products will remain focused on solving patient problems and facilitating even more patient interactions within the healthcare ecosystem.

“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. “The fragmented healthcare space has produced too many broken systems that get in the way of good care. We aim to be the digital center of care that delivers the simple, seamless healthcare experience patients expect and deserve.”

ZocDoc covers more than 60 percent of the U.S. population, allowing patients to find in-network neighborhood doctors, instantly book appointments online, see what other real patients have to say, get reminders for upcoming appointments and preventive check-ups, fill out paperwork online, and more. The service supports over 1,800 different types of procedures across more than 50 different medical specialties.

Aside from its headquarters in New York City, ZocDoc also has offices in Arizona and India. Its team counts more than 600 members.