Is ZocDoc Raising a New Nine Digit Round?
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 Inc | ||||
| 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. |
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| General Information • 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 |
Key
Management • 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 |
Investors • Goldman Sachs & Co • Digital Sky Technologies Ltd • Khosla Ventures LLC • Founders Fund, The |
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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. |
||||
| Date | Investment
Amount *Based on Authorized Shares of Series D |
Valuation | Est. Fully Diluted Shares | Preferred Price Per Share |
| 05/30/2014 | $152.57M* | $1.6B |
57M |
$28.22 |
Most Recent Deal TermsThe 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. |
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| Round:
Series D Direction: Up Round |
Liquidation Preference:
Junior Liquidation Multiple: No Multiple / Not Applicable |
Stock Type:
Participating Preferred, No Cap Anti-Dilution: Weighted Average |
Redemption: No Cumulative Dividends: No |
Dividend Rate: Not
Stated Pay to Play: No |
Most Recent Amended and Restated Certificate of Incorporation
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