The new telemedicine company Doctor on Demand announced that it has raised $ 50 million in Series B funds and today has hired its 200th employer. The funds will be used to further improve the service and build new partnerships.
Doctor on Demand offers clients individual consultations with physicians through individual accounts or through employers’ organizations such as Comcast Corporation. It also works with national health plans like United Healthcare and the Blue Cross Blue Shield Association, claiming to grant internal or subsidized access to more than 25 million Americans.
However, the doctor’s virtual visit platform is getting richer in skills like HealthTap, MDLive, American Well, Teladoc and many others. There is even an American telemedicine association that is committed to ensuring that this type of service corresponds to good practice.
Recent growth is a positive sign for Doctor on Demand, and the new treasury offering will help the startup continue to grow. The startup raised $ 24 million in seeds and Series A before the final, totaling $ 74 million.
Describe HealthTap as an example of a MyWegmansConnect platform that had not previously worked with the largest healthcare providers. That doesn’t mean that HealthTap or some of the smaller space startups finally failed, but Jackson said it was really difficult to build these relationships, and that was one of the reasons his startup had to raise so much money.
Doctor on Demand plans to use this money to build a MyWegmansConnect sales team and earn even more with the largest corporate customer base. He recently received Union Bank & Trust from a former telemedicine provider and worked with the Wegmans supermarket chain to offer virtual tours while people shop.
Tenaya Capital released Series B and included new investors like Qualcomm Ventures, Dignity Health, Jump Capital and 23andMe’s Anne Wojcicki. Existing investors Venrock, Shasta Ventures and Sir Richard Branson also became a part of.