HealthTap Raises $24M Series B Led By Khosla Ventures For Its Doctor Q&A Platform

Posted: May 8, 2013 in Health, Mobile, Startup, Technology
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20130508-205854.jpg HealthTap, the doctor Q&A site and mobile app, has
closed a $24 million series B round of funding —
capital it says it will use to acquire “top talent”,
expand its web and mobile offerings, and accelerate
growth. The new round, which brings the total raised
by the company to $37.9m, was led by Khosla Ventures, while existing investors Mayfield Fund, and
Mohr Davidow Ventures also participated. Meanwhile, Keith Rabois, ex-COO of Square and
Khosla partner, will join HealthTap’s board of
directors, and Vinod Khosla is to act as an advisor to
the startup. HealthTap’s platform provides health information
primarily through its Q&A functionality which
connects users to a network of more than 38,000
registered doctors, via both its website and mobile
apps — thus offering a sometimes more efficient and
cheaper alternative to seeing a doctor face-to-face, and certainly a better alternative than rolling the dice
on Google when searching for medical advice. For the doctors who join HealthTap, the platform
provides tools to build an online and real-world
reputation — the usual draw for those contributing to
a Q&A site — and the potential to attract new
patients while also improving the quality of health
information online, which is noble in itself. HealthTap claims that the new financing represents
“one of the most substantial series B investments to
date in the digital health industry”, and that the
company has grown “rapidly over the past year,
nearly quadrupling the number of doctors in its
network, and serving tens of millions of people worldwide via its web and mobile apps.” Testimony to this, in March we reported that
HealthTap was seeing users ask doctors more than
10 million questions every month and that the site
was serving more than 7.5 million monthly unique
visitors, with its mobile apps having been downloaded
more than 2 million times.

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