BetterDoctor Diagnosed with $10M Series A Financing
July 16, 2014
New Enterprise Associates has led a $10 million Series A financing round for BetterDoctor, an online doctor search service. The round included participation from existing investors SoftTechVC and Lifeline Ventures. BetterDoctor publishes individual doctors' experience in difference medical procedures through Medicare, making complex U.S. government data on each doctor easily searchable. The company will use the funds to expand its team and continue developing the doctor ranking algorithm based on quality metrics including education, certification, sub-specialty, research, referrals and consumer ratings. BetterDoctor will also expand its Web and mobile apps to new platforms to make it easier for patients to navigate the provider and insurance jungle, as well as give physicians a valuable tool to grow their practices. It raised over $3 million in seed financings, including $2.6 million at a valuation of almost $9 million late last year.