Teladoc, a Dallas, TX-based telehealth provider, secured $50m in equity funding.
The round was led by Jafco Ventures, with participation from new investors FLAG Capital Management, Greenspring Associates, Mellon and QuestMark Partners, as well as current investors Cardinal Partners, HLM Venture Partners, Kleiner Perkins Caufield and Byers, New Capital Partners and Trident Capital.
The company intends to use the funds to continue to grow operations organically by developing new products and services and via strategic partnerships and targeted acquisitions.
Founded in 2002 by Jason Gorevic, CEO, Teladoc provides 24/7 access to medical care for adults and children experiencing non-emergency medical issues via phone, online video, mobile app or a private, walk-in kiosk (HealthSpot™ Station).
Through a directly-managed network of U.S.-based, board-certified physicians, Teladoc delivers telehealth to 8 million members with more than 250,000 consults annually.
The company, which received certification from the National Committee for Quality Assurance (NCQA) for its physician credentialing process, also partners with health plans, corporations, organizations and patients.