ZocDoc lands unicorn valuation

August 20, 2015, 5:53 PM UTC
ZocDoc CEO Cyrus Massoumi shows off his pearly whites at a cleaning with the first dentist in Alaska to join the online doctor booking service, marking the digital health company's presence in all 50 states. Already serving millions of patients each month, ZocDoc is nationwide just in time for New Year's resolution check-ups.
Photograph by Michael Dinneen — FPS for ZocDoc/AP

Over a year ago, ZocDoc filed paperwork to raise a large new round of funding which has put the doctor’s appointment services company’s valuation over $1 billion, as first reported by Fortune.

Finally, the company has closed the round. ZocDoc has raised $130 million for a total value of $1.8 billion, it said in an announcement today.

Scottish investment management firm Baillie Gifford and London-based investment firm Atomico led the round, with participation from existing investor Founders Fund.

The company’s online services allow patients to find doctors in their health insurer’s network, book appointments, and fill out paperwork in advance. Doctors pay to appear in ZocDoc’s search results, and the company says it is on track to double its number of clients this year. However, the company has not disclosed how many clients it has, how much it charges doctors, or what its revenue numbers are.

Based in New York, ZocDoc previously raised $97.9 million in venture funding. The prior round, a Series C worth $75 million led by Goldman Sachs and DST Global, the fund run by Russian entrepreneur Yuri Milner, valued the company at $700 million.

ZocDoc now has 600 employees, 50 of whom were added in the last 14 months. In 2013, Aetna (AET) reportedly offered to acquire the company for $300 million.

Earlier this week, a Business Insider report accused the company’s sales people of creating a work environment that is hostile to women. A ZocDoc spokesperson provided the following response to the report:

We hear time and again from our team members that ZocDoc is a great place to work. We try every day to uphold a positive culture that encourages people to speak up and use their voices to make our company better.

We have a long-standing policy against any forms of unlawful harassment or discrimination and never condone illegal drug use.

Our sales team is an important engine of the company and, like any maturing sales organization, is evolving. Over time, we have strengthened our recruiting and training programs and continue to emphasize and support quality performance.

The company managed to earn a spot on Fortune’s Best Companies To Work For list as no. 11 in healthcare. The rankings are determined by employee surveys, including 264 from ZocDoc.

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