Palo Alto, Calif. — May 8, 2013 — HealthTap, the popular mobile health platform that connects millions of people with a network of more than 38,000 top doctors for free, today announced it raised $24 million in Series B financing. Khosla Ventures led the round, in which prior investors Mayfield Fund and Mohr Davidow Ventures also participated. Keith Rabois will join HealthTap’s board of directors, and Vinod Khosla will join as an advisor to assist HealthTap as it redefines modern healthcare.
HealthTap’s new financing represents one of the most substantial series B investments to date in the digital health industry. HealthTap 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. With the new capital, the company will focus on acquiring top talent, expanding its web and mobile offerings, and accelerating its rapid growth. These undertakings will expedite HealthTap’s progress in making healthcare accessible and affordable for all.
“HealthTap has become the largest digital platform of engaged doctors and users creating a massive shift in how people interact with doctors and access healthcare,” said Ron Gutman, HealthTap’s Founder and CEO. “The new investment and our relationship with Khosla Ventures will help us quickly build on and grow what has become the new paradigm in health information and care. With new top talent joining the HealthTap team from the many new jobs we’re creating, we will help even more people tap the vast data and information on HealthTap in ways that were previously unimaginable. The combination of top technical, design, and operations talent, and a strong passion for helping others, will enhance our ability to spread health and wellness faster and save more lives every day.”
“Everyone will soon become the CEO of their own health,” said Keith Rabois, HealthTap’s newest board member and a partner at Khosla Ventures. “HealthTap, with its phenomenal growth in combination with its unique technology, has the potential to become the triaging platform for everyone’s health. I am excited to work with the HealthTap team as the company scales to provide people with unparalleled immediate access to the most trusted medical knowledge, doctors, and health services.”
“In its current state, our healthcare system is expensive, difficult to access, and error prone,” said Vinod Khosla, founder of Khosla Ventures. “On the brink of a massive reform in HealthCare, dedicated bright entrepreneurs and technologists can bring a great deal to the table by developing creative, forward thinking solutions that leverage health care professionals. HealthTap is at the forefront of this development, improving patient care by creating quick, easy, and affordable access to doctors everywhere. The future of healthcare is at the confluence of big data, smart algorithms, and simple- to- use interfaces that will provide amplification of our MD’s resources: HealthTap is breaking ground in all three, and we’re excited to help them make their compelling vision a transformative reality.”