Telehealth provider Teladoc has announced it raised $50 million in equity funding, with Jafco Ventures leading the round. The investment, which also saw participation from firms including Kleiner Perkins Caufield & Byers, QuestMark Partners, New Capital Partners and others, brings Teladoc's total funding to over $102 million. Just over one year ago, the company raised $15 million in Series E funding at a valuation of over $136 million. Its new valuation is reported to be north of $300 million.
Founded in 2002, Teladoc provides 24/7 access to affordable, high-quality medical care for adults and children with non-emergency issues. Users can speak with professionals over the phone, via secure online video, through Teladoc's mobile app or at the company's private, walk-in kiosk. The new cash infusion will allow the company, which has reported doubling revenue in each of the past two years, to develop new products and expand into new markets and distribution channels.