VC Experts constantly tracks investments and developments and we frequently come across bits of information that require more evaluation and insight. We just noticed that Digital Sky Technologies (DST) could be on the verge of putting more money into ZocDoc. DST invested in ZocDoc's Series C round and is known for their large investments in Zynga, Facebook, Twitter, and Groupon. DST's investments are usually very large and have preferences that are similar to these in this latest round by ZocDoc. The recent filing of their Sixth Amended and Restated Certificate of Incorporation on 05/30/2014 shows that they have authorized 5,406,577 shares of a Series D Preferred Stock at an Original Issue Price of $28.22 per share (or $152.57 MM). The terms of this Series D Preferred are in line with the prior Series C Preferred, and those were very generous to the earlier investors. Both the Series C and Series D Preferred are Junior in liquidation preference to the Series A and Series B Preferred, and neither the Series C nor the Series D will get a vote for the Board of Directors. Utilizing prior data collected by VC Experts and taking into consideration this latest filing, the valuation for ZocDoc could be $1.6 Billion.
|ZocDoc provides online booking
appointments with doctors or dentists. The Company offers offers
primary care, dentist, dermatologist, eye-doctor, ENT, orthopedist,
OB/GYN, allergist, podiatrist, cardiologist, pediatrician, radiologist
and psychiatrist appointments in New York, Los Angeles, Chicago,
Dallas, Philadelphia, Houston, Phoenix, Washington, DC, Atlanta, San
Francisco and Boston. ZocDoc also offers filtering of available clinics
by insurance and books them online 24 hours a day and 7 days a week.
Patient reviews and ratings are also available within the site.
• Address: 568 Broadway, Suite 901, New York, NY, 10012
• Geographic Region: New York State
• Industry: Healthcare Services, IT Services
• SIC Codes: 7375 - Information Retrieval Services
• NAICS Codes: 519130 - Internet Publishing and Broadcasting and Web Search Portals
• Legal Counsel: Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP
• Company Website: http://www.zocdoc.com
• Samroengraja, Netta - CFO, Director
• Massoumi, Cyrus - Co-Founder, CEO, Director
• Kharraz, Oliver - Co-Founder, COO, Director
• Ganju, Nick - Co-Founder, CTO
• Howery, Ken - Director
• Weiden, David - Director
• Schnaps, Ori - VP Engineering
• Gamboa, Joaquin - VP Legal Affairs
• Yardeni, Zohar - VP New Business
• Otto, Florian - VP Sales
• Goldman Sachs & Co
• Digital Sky Technologies Ltd
• Khosla Ventures LLC
• Founders Fund, The
Most Recent Financing Round
According to the Sixth Amended and Restated Certificate of Incorporation filed 05/30/2014 ZocDoc authorized 5,406,577 shares of a Series D Preferred Stock at an Original Issue Price of $28.22 per share (or $152.57 MM). The prior C round was for $50 MM at $14.75 per share in 2011. The Company also had a convertible debt round in 2013.
*Based on Authorized Shares of Series D
|Valuation||Est. Fully Diluted Shares||Preferred Price Per Share|
Most Recent Deal Terms
The Liquidation Preferences for ZocDoc are out of the ordinary with the Series A and B getting paid first on a Pari Passu basis and the Series C and Series D getting paid alongside Common Stock after the payment of Series A and Series B.
Direction: Up Round
Liquidation Multiple: No Multiple / Not Applicable
Participating Preferred, No Cap
Anti-Dilution: Weighted Average
Cumulative Dividends: No
|Dividend Rate: Not
Pay to Play: No
VC Experts.com, Inc. Disclaimer: The information contained herein is from sources deemed reliable; it does not, however, purport to constitute investment advice nor does VC Experts represent that it contains all information concerning the identified Company deemed necessary or appropriate for investment decisions. VC Experts is neither a broker/dealer nor investment adviser and has no financial interest in the Company analyzed nor in the sale or purchase of any of its securities. The information and data are for reference purposes only and no implied or expressed warranties or assurances as to its accuracy or completeness are furnished by VC Experts. Estimates of valuation are, as indicated, estimates based on such information as we found available, the completeness of which is neither represented or guaranteed; users for any purpose are cautioned and required to undertake and perform their own investigations and due diligence. To the extent that the information incorporates content from specified sources of financial information, VC Experts disclaims any responsibility for the accuracy or completeness of such content.
About VC Experts.com, Inc.: VC Experts.com provides specialized content, valuation & term sheet data on thousands of venture capital financing events, and analytics for managing & modeling private company capital structures. Visit VCExperts.com for more information.