Grand Rounds, a San Francisco, CA-based provider of a platform that connects patients with medical specialists, received $40m in Series B funding.
The round was led by Greylock Partners with participation from previous backers Venrock and Harrison Metal Capital.
The company, which has raised more than $51m in total equity, intends to use the funds to accelerate adoption of the platform, to increase research and development to enhance its quality scoring algorithm, increase sales and marketing, build out its infrastructure, as well as to develop additional products and channels.
Led by Owen Tripp, Co-Founder and CEO, Grand Rounds provides an Outcomes Management platform that allows patients to receive medical guidance from physicians nationwide. Its algorithm determines medical specialists based on a range of factors including training, publication history and patient outcomes. Physicians selected by the algorithm are used in the company’s major set of services, including Office Visits, which identifies local specialists for patients to see in-person, as well as its Expert Opinion service, in which patients have their cases reviewed by doctors.
The company recently released Grand Rounds STAT, which enables a physician consultation while patients are in the hospital.