San Francisco, CA-based Doctor On Demand has raised 74 million in Series C funding led by Princeville Global and Goldman Sachs Investment Partners with participation from existing investors including Venrock, Shasta Ventures, and Tenaya Capital. his funding will support the continued rapid expansion of Doctor On Demand’s telehealth platform and further its commitment to delivering access to quality care at scale.
This Series C funding is rounded out by new investors Blue Cloud Ventures and Ridgeview Asset Management, and existing investors Lerer Hippeau Ventures, Qualcomm Ventures, Sir Richard Branson, Sherpa Ventures, and World Innovation Lab. Doctor On Demand has now raised over $160 million in total funding, joining prior investors Andreessen Horowitz and Google Ventures.
Founded in 2012, Doctor On Demand offers immediate, video-based access to top physicians and psychologists for just $40 per visit, with no subscription fees for partners via the iPhone, iPad,Android and desktop. Members consistently rate Doctor On Demand 5-stars across the iTunes store and Google Play. Last year, Doctor On Demand became the first telemedicine provider to offer fully integrated laboratory services, advancing the range of services treatable via telemedicine and expanding the ability to offer chronic care management.
Members consistently rate Doctor On Demand 5-stars across the iTunes store and Google Play. Last year, Doctor On Demand became the first telemedicine provider to offer fully integrated laboratory services, advancing the range of services treatable via telemedicine and expanding the ability to offer chronic care management.
Doctor On Demand has experienced triple digit year-over-year growth as it continues to transform access to high-quality, cost-effective care. With two million patients nationwide, hundreds of enterprise customers including four of the Fortune 10 companies, and over two dozen health plan partners, Doctor On Demand has become a preeminent provider of virtual care delivery and the partner of choice for organizations looking to advance patient care while managing the rising cost of healthcare delivery.
“This latest funding round is a strong vote of confidence in our growth, market position, and vision for a high quality, patient-centric healthcare experience,” said Hill Ferguson, Doctor On Demand CEO. “By focusing on the quality of the doctor-patient relationship and offering a unique business model that results in immediate ROI and cost savings, we’re building a new way of accessing care—for consumers, payers, and providers.”
