Our investment in ZocDoc and the future of healthcare
Healthcare is one of the world’s biggest sectors and makes up around 8% of global GDP. Yet, despite being a multi-trillion dollar industry, large parts of it have yet to be significantly disrupted by innovative technology. Too many of its functions are broken and get in the way of good care. No one suffers from this more than patients, left to navigate through a fragmented and friction-filled system on their own.
Cyrus Massoumi, Oliver Kharraz and Nick Ganju believed that technology could help fix this problem by delivering a better healthcare experience to patients in a simpler, more efficient way. Together, in 2007, they founded ZocDoc. Each month, millions of US patients use ZocDoc to find the nearest in-network doctor, instantly book appointments online, see what other real patients have to say, get reminders for upcoming appointments and preventive check-ups, and much more.
Today, we’re delighted to announce that we have invested in ZocDoc’s $130m new funding round alongside Baillie Gifford and Founders Fund. We are proud to help support ZocDoc’s continued growth and innovation as they become the digital center of care.
Cyrus, Oliver, Nick and the rest of the ZocDoc team are facilitating patients’ healthcare interactions in a smarter way, and we look forward to working alongside them as they further their mission to give power to the patient.