Doctor on Demand grabs $50m Series B financing round

Doctor on Demand

Doctor on Demand, a service which allows doctors to connect with patients via video, has closed a $50 million Series B financing round led by Tenaya Capital. Qualcomm Ventures, Dignity Health, Ann Wojcicki and others participated. The company, which has now raised a total of $74 million, will use the latest funds to expand its telemedicine service. “We launched Doctor On Demand to improve access to some of the best healthcare providers in the country,” said Adam Jackson, co-founder and CEO of Doctor On Demand. “Subscription fees are wasteful and make it much harder for legacy telemedicine programs to generate positive ROI. Our No Subscription (PEPM) Fee, pay-as-you-go model fully aligns us with our partners. Plus, patients love the quality of our providers and the simplicity of our technology, which drives extremely high utilization.”

Fetch Robotics, which builds robotics systems for the logistics industry, has raised $20 million in Series A funding led by SB Group US. The company has now raised $23 million to date and will use the latest cash injection for sales and marketing operations. “As businesses look for solutions to streamline operations and meet the needs of an on-demand economy, we see a tremendous opportunity for robotics to solve that problem,” says Kabir Misra, Managing Director at SB Group US, Inc. “The team, the robots, and the timing all lead us to Fetch Robotics and we are happy to join them in bringing Fetch and Freight to market.”

Sketchfab, a service that allows users to share 3D content, has raised $7 million in Series A funding, VentureFund reports. FirstMark Capital led the round, with participation from past investors such as Balderton, Partech and Borealis. The company will use the funds to grow its team. Sketchfab is a graduate of TechStars, and the incubator’s new fund also invested in the company as part of the new round.

Mobile services provider FreedomPop has secured $30 million in new financing, following months of speculation the company would be acquired. Partech Ventures led the Series B round, which will be used to accelerate growth in the U.S. DCM Capital and Mangrove Capital also participated. “We received several M&A offers, but we ultimately decided it was premature to sell on the cusp of exponential traction,” said Stephen Stokols, FreedomPop founder and CEO of Stokols in a press release. “Following on accelerated growth and our pending global expansion, we are confident we will create massive value within the next 12 to 24 months at which point we could revisit exit options.”