Online medical care appointment booking service

The company is already in Dizraptor’s portfolio since May 10. New offerings are possible in the future

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About the Company

Zocdoc is an online platform where patients can find the right specialist, make an appointment and get a video consultation. The company was founded in 2007 and is headquartered in New York.

The platform was a leader in the market of online medical appointments, and during the pandemic, Zocdoc entered into a partnership with Twilio and entered the fast-growing telemedicine market. The company has launched the Zocdoc VideoService (VSP) that helps patients communicate with specialists without risks, get consultations and monitor treatment progress online. Zocdoc has become one of the few digital medical platforms providing for both face-to-face and online medical consultations.

Using Zocdoc, 10,000 providers have carried out nearly one million video appointments across 100 specialities. In May 2020 the company’s founder and CEO Oliver Kharraz told Engadget that video visits now account for 30 to 40 percent of overall bookings, up from “essentially zero at the beginning of March.”

Market Opportunities

The global telemedicine market size is expected to reach $155.1B by 2027, expanding at a CAGR of 15% over the forecast period. Increasing incidences of chronic conditions and rising demand for self-care medicines are the key factors driving the market.

Digital health funding has hit record levels propelled by the technology boom during the COVID-19 pandemic. Total corporate funding for digital health including venture capital, debt and public market financing reached $21.6B in 2020, which is up 103% compared to $10.6B in 2019, according to a year-end report by the research firm Mercom Capital Group.

Financials and Valuation

Zocdoc has reported strong growth, with annual revenue up by more than 35% before the pandemic and despite the disruptions provoked by the pandemic, the company’s on track to reach a new record revenue.

In November 2021 the company announced a $150M investment round from Francisco Partners, the total valuation being undisclosed. In February 2021 the valuation was about $2.6B.

As of November 2021 Zocdoc has raised a total of $375M in funding over 10 rounds from Goldman Sachs (invested in Alibaba, Spotify, Pinterest), Peter Thiel's Founders Fund (invested in Airbnb, SpaceX, Lyft), Yuri Milner's DST Global Fund (invested in Facebook, Spotify, Flexport, Robinhood) and others.


Intense competition: the market is invaded by a growing number of businesses/telemedicine services.

Possibly limited growth potential. As Zocdoc has already tapped into most major US metropolitan areas, further expansion in the US may be constrained.


“Zocdoc banks $150M in new funding as it expands into virtual care, vaccine scheduling”, Fierce Healthcare, Feb 2021

“Zocdoc becomes a telehealth facilitator with new video service”, Engadget, May 2020

Zocdoc lands $150M, looks to telehealth for the future, MobiHealthNews, Feb 2021


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Offerings. Interests in the funds are sold in accordance with the exemption provided by Section 4(a)(2) of the Securities Act and Regulation D promulgated under the Securities Act, and other exemptions of similar import in the laws of the states where the offerings will be made. The funds mentioned in offerings will not be registered as investment companies under the Investment Company Act of 1940.

Past Performance. Past performance is no guarantee of future results. Any forecasts are inherently limited and should not be regarded as indicators of actual or future results.

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