How Much Did Zocdoc Raise? Funding & Key Investors

Date
February 24, 2025
Zocdoc

Total amount raised

$527 Millions

Latest funding date

February, 2021

Zocdoc

Location

Title

LINKEDIN

https://www.zocdoc.com
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Zocdoc has successfully raised significant funding through multiple rounds, with notable investors including Francisco Partners and Disruptive Ventures.

The platform connects healthcare patients with doctors, offering a seamless booking experience. Keep reading to explore the intricacies of Zocdoc's fundraising journey and the investors backing this innovative platform.

What Is Zocdoc?

Zocdoc, founded on September 18, 2007, is a digital marketplace that connects healthcare patients with doctors. Headquartered in New York, New York, the company aims to provide a seamless and accessible healthcare experience.

The platform was established by Cyrus Massoumi, Nick Ganju, and Oliver Kharraz. It allows users to search for healthcare providers based on their insurance plan, read reviews, and book appointments online.

With a workforce of 501-1000 employees, Zocdoc continues to innovate in the healthcare sector, making it easier for patients to find and book medical appointments.

How Much Funding Has Zocdoc Raised?

  1. Series A
    • Amount Raised: $3M
    • Date: August 2008
    • Lead Investors: Khosla Ventures
    • Valuation at Round: Not publicly disclosed
    • Motivation Behind the Round: To establish the platform and expand initial operations.
  2. Venture Round
    • Amount Raised: $940K
    • Date: July 2009
    • Valuation at Round: Not publicly disclosed
    • Motivation Behind the Round: To support early-stage growth and development.
  3. Series B
    • Amount Raised: $15M
    • Date: July 2010
    • Lead Investors: Founders Fund
    • Valuation at Round: Not publicly disclosed
    • Motivation Behind the Round: To scale the platform and enhance technological capabilities.
  4. Series C
    • Amount Raised: $75M
    • Date: September 2011
    • Investor Count: 7
    • Valuation at Round: Not publicly disclosed
    • Motivation Behind the Round: To expand market reach and improve service offerings.
  5. Debt Financing
    • Amount Raised: $2M
    • Date: June 2013
    • Valuation at Round: Not publicly disclosed
    • Motivation Behind the Round: To manage operational costs and support ongoing projects.
  6. Series D
    • Amount Raised: $130M
    • Date: August 2015
    • Lead Investors: Atomico, Baillie Gifford
    • Investor Count: 5
    • Valuation at Round: Not publicly disclosed
    • Motivation Behind the Round: To accelerate growth and expand product offerings.
  7. Secondary Market
    • Date: February 2015
    • Investor Count: 1
    • Valuation at Round: Not publicly disclosed
    • Motivation Behind the Round: To provide liquidity to early investors and employees.
  8. Secondary Market
    • Date: May 2017
    • Investor Count: 1
    • Valuation at Round: Not publicly disclosed
    • Motivation Behind the Round: To offer liquidity options for stakeholders.
  9. Series D
    • Date: July 2019
    • Valuation at Round: Not publicly disclosed
    • Motivation Behind the Round: To continue scaling operations and enhance service delivery.
  10. Private Equity Round
    • Amount Raised: $150M
    • Date: February 2021
    • Lead Investors: Francisco Partners
    • Investor Count: 2
    • Valuation at Round: Not publicly disclosed
    • Motivation Behind the Round: To accelerate growth, particularly in sales and marketing, and expand product offerings.

Total Amount Raised: $375.94M. Current Valuation: Not publicly disclosed.

Key Investors

  • Francisco Partners
    • Details: Francisco Partners is a leading global private equity firm that specializes in investments in technology and technology-enabled businesses. They have a strong track record of partnering with companies to drive growth and innovation.
    • Investment Focus Areas: Technology, healthcare, financial services.
    • Notable Investments: GoodRx, LegalZoom, Verifone.
  • Founders Fund
    • Details: Founders Fund is a San Francisco-based venture capital firm known for its investments in early-stage technology companies. The firm was co-founded by Peter Thiel, one of the original investors in Facebook.
    • Investment Focus Areas: Technology, healthcare, aerospace.
    • Notable Investments: SpaceX, Palantir Technologies, Airbnb.
  • Atomico
    • Details: Atomico is a European venture capital firm founded by Niklas Zennström, co-founder of Skype. The firm focuses on helping disruptive technology companies scale globally.
    • Investment Focus Areas: Technology, software, telecommunications.
    • Notable Investments: Klarna, Supercell, Lilium.
  • Baillie Gifford
    • Details: Baillie Gifford is an investment management firm based in Edinburgh, Scotland. They are known for their long-term investment approach and focus on growth companies.
    • Investment Focus Areas: Technology, healthcare, consumer goods.
    • Notable Investments: Tesla, Amazon, Spotify.
  • Khosla Ventures
    • Details: Khosla Ventures is a venture capital firm founded by Vinod Khosla, co-founder of Sun Microsystems. The firm invests in early-stage companies across various sectors.
    • Investment Focus Areas: Technology, healthcare, clean energy.
    • Notable Investments: Square, DoorDash, Impossible Foods.

What's Next for Zocdoc?

With a $150 million investment from Francisco Partners, Zocdoc is poised to capitalize on the growing demand for digital healthcare solutions. The company plans to enhance its sales and marketing efforts and expand its product offerings, including telehealth services and the Zocdoc Vaccine Scheduler. These initiatives present significant opportunities for growth, especially as more patients and providers embrace virtual care.

Future fundraising seems promising, given the substantial backing from Francisco Partners. However, Zocdoc will need to navigate challenges such as competition from other digital healthcare platforms and regulatory hurdles. Ensuring the reliability and scalability of their services will be crucial as they continue to expand.

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