ZocDoc raises $130M round at a $1.8B valuation

ZocDoc, the New York digital health company that sets people up with doctors and schedules appointments, has raised a massive new $130 million round. The company says it’s now valued at about $1.8 billion.

The round was led by Baillie Gifford and Atomico, and included participation from existing investor Founders Fund.

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ZocDoc says it will use the new money to develop new products that sit on top of ZocDoc’s core doctor marketplace, and to extend its scheduling capability.

“Since our inception, we’ve been working to lead the healthcare experience into the digital age, and this funding will help us continue to deliver on our mission to give power to the patient,” said ZocDoc founder and CEO Cyrus Massoumi in a statement.

“The fragmented healthcare space has produced too many broken systems that get in the way of good care. We aim to be the digital center of care that delivers the simple, seamless healthcare experience patients expect and deserve,” Massoumi said.

ZocDoc says its service is available to 60 percent of the U.S. population. ZocDoc users can also see what other patients have to say about specific doctors, get reminders for upcoming appointments and preventive check-ups, and fill out paperwork online.

ZocDoc is free for patients and available via ZocDoc.com or the ZocDoc app for iPhone and Android.

Based in New York City with offices in Arizona and India, ZocDoc now has 600 employees.

The digital health sector has already attracted $2.1 billion in private funding so far this year.