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Teladoc is a healthcare company offering virtual medical services that is headquartered Purchase, New York and was founded in 2002 by George Byron Brooks. The company is offering their telemedicine services in more than 175 countries and in 40 different languages. Teladoc works with over 50 health plan providers in the United States, is partnered with more than 70 global insurance and financial services providers, and work with over 300 hospitals to extend virtual care services to their patients.
On June 4, 2008 Teladoc announced raising an undisclosed amount of funding from Trident Capital.
On December 3, 2009 Teladoc announced raising $9 million in series A funding from HLM Venture Partners (lead investor), Trident Capital, and Cardinal Partners.
On September 14, 2011 Teladoc announced expanding their series A funding with $18.6 million in funding from Kleiner Perkins (lead investor), Trident Capital Partners, HLM Venture Partners, and Cardinal Partners.
On September 12, 2013 Teladoc announced raising $15 million in series B funding from 5 undisclosed investors. Teladoc did not publicly disclose what they plan on doing with their series B funding.
On September 18, 2014 Teladoc announced raising $50.3 million in series C funding from Icon Ventures (lead investor), Trident Capital, QuestMark Partners, New Capital Partners, Kleiner Perkins, Icon Ventures, HLM Venture Partners, Greenspring Associates, FLAG Capital Management, and Cardinal Partners. Jason Gorevic, the CEO of Teladoc, made the following statement about his company's series C funding round:
This sizeable investment will allow us to quickly develop new products and services that deliver additional value for our customers while simultaneously expanding into new markets and distribution channels. Our goal is to extend our significant lead in the industry such that Teladoc is the de facto brand in Telehealth.
