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.
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:

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
• 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.

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



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.

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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