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Khosla Ventures Into Healthcare With ZocDoc
Date:8/19/2008

Top VC Firm Leads Series A Funding of Healthcare Startup

NEW YORK, Aug. 19 /PRNewswire/ -- ZocDoc, the service that helps consumers find and book doctor appointments online, today announced it has completed a $3 million Series A round of financing led by Khosla Ventures. ZocDoc is the first consumer healthcare investment for Khosla Ventures.

(Logo: http://www.newscom.com/cgi-bin/prnh/20080819/LATU010LOGO)

ZocDoc uses the Internet to help improve patient access to healthcare. Patients can see real-time availability of doctors in their area, find those that accept their insurance plan and read feedback from real patients. Most importantly, patients can book an appointment -- including same-day and next-day appointments -- instantly online.

"ZocDoc is addressing a real need in healthcare," said Vinod Khosla, founder of Khosla Ventures. "The Internet has the potential to fundamentally improve access to care, and the company has gained initial traction towards this long-term vision."

As part of this round, David Weiden, partner at Khosla Ventures, will join ZocDoc's co-founders Cyrus Massoumi and Oliver Kharraz on the company's Board of Directors. ZocDoc will use the funding to expand its network of practitioners and lay the groundwork for a nationwide rollout.

"Our goal is to make healthcare simple and more accessible to patients so they can get the care they need, when they need it," said Cyrus Massoumi, ZocDoc cofounder and CEO. "We are thrilled to have the support of Khosla Ventures, whose experience building highly successful companies and commitment to improving society and the way we live through technology is unparalleled."

Based in Manhattan, ZocDoc is currently available in New York City, but that hasn't stopped the company from gaining national attention since launching at TechCrunch 40 last September. In the last three weeks alone, ZocDoc was named one of PC Magazine's "Top Web Sites of 2008," a semi-finalist in Forbes.com's "Boost Your Business" competition, and a finalist in The Industry Standard's "Innovation 100 Awards."

About ZocDoc, Inc.

ZocDoc's mission is to use the Web to make healthcare simple. For patients, ZocDoc is an online service that helps them find and book doctor and dentist appointments instantly, 24/7. For doctors, ZocDoc is an innovative channel to help them easily reach prospective patients and maximize the efficiency of their practice by filling open appointments. ZocDoc is a NYC-based start-up founded in April 2007 by serial entrepreneurs Cyrus Massoumi and Oliver Kharraz, MD, who combine to bring 9 years healthcare technology experience from McKinsey. For more information, visit http://www.zocdoc.com.

About Khosla Ventures

Khosla Ventures offers venture assistance, strategic advice and capital to entrepreneurs. The firm helps entrepreneurs extend the potential of their ideas in both traditional venture areas like the Internet, computing, mobile, and silicon technology arenas but also supports breakthrough scientific work in clean technology areas such as bio-refineries for energy and bioplastics, solar, battery and other environmentally friendly technologies. Vinod Khosla was formerly a General Partner at Kleiner Perkins and founder of Sun Microsystems. Vinod founded the firm in 2004 and was joined by partners David Weiden and Samir Kaul in 2006. Khosla Ventures is based in Menlo Park, California.

Media Contact:

Melissa Smolensky

Porter Novelli

512-423-3382 (cell)

melissa.smolensky@porternovelli.com


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SOURCE ZocDoc
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