Doctor On Demand, a San Francisco, CA-based virtual care provider, closed a $74m Series C financing.
The round was led by Princeville Global, Goldman Sachs Investment Partners, new investors Blue Cloud Ventures and Ridgeview Asset Management, with participation from existing investors Lerer Hippeau Ventures, Qualcomm Ventures, Sir Richard Branson, Sherpa Ventures, World Innovation Lab Venrock, and Tenaya Capital. In conjunction with the funding, Matt Krna, Managing Partner at Princeville Global, will join a seat on Doctor On Demand’s board.
The company, which has now raised over $160m in total funding, intends to use the capital for the continued rapid expansion of its platform.
Led by Hill Ferguson, CEO, Doctor On Demand offers access to board-certified physicians, psychiatrists, and licensed psychologists via smartphones, tablets, or desktop computers. Patients download the Doctor On Demand app or visit www.doctorondemand.com, provide a list of their symptoms, and are connected for a video visit within minutes. Prescriptions, if needed, are sent directly to the pharmacy of choice. Doctor On Demand physicians can also order lab work, allowing for the treatment of a broader range of conditions and chronic care management.
The company, which also has offices in Minneapolis and Washington, D.C., has two million patients nationwide, hundreds of enterprise customers including four of the Fortune 10 companies, and over two dozen health plan partners.