The entire market is set to nearly double in next 5 years thanks to the demand for high-quality healthcare and remote patient monitoring.
The company makes an app that lets patients communicate with physicians via SMS; sent messages are responded in 24 hours or within 5 minutes for premium users.
Starting from January 1, 2015, members will be able to access Teladoc's U.S. board-certified, state-licensed physicians from their homes and offices.
The company's existing investors include WellPoint, Novartis, Dell and Coinstar, with Walter Huff joining in for this latest round.
The company offers a secure, HIPAA-compliant platform that gives consumers direct access to their choice of U.S. board-certified clinicians.
The program will accredit U.S. healthcare entities providing real-time, online consultations directly to the patient that meet specific standards.
Targeted expansion in 2015 includes tele-audiology, primary care, women's health, intensive care unit telehealth and clinical video telehealth into homes.
The Minnesota-based company will use the new funds to expand its SaaS diagnosis and treatment option for minor health conditions.
Metamorphic Ventures is joining existing investors Spark Capital and Soft Bank, while bringing the total seed round funds raised to $3.5 million.
The carrier launched its telehealth platform in June to provide non-emergency consults with physicians from their mobile phones, tablets or PCs.