Virtual visit company Teladoc raises $15M

By Aditi Pai

teladocacquisitonDallas, Texas-based Teladoc raised $15 million from five undisclosed investors this week, according to an SEC filing. This brings the company's total public funding to $46.6 million.

Teladoc declined to comment on its plans for the money.

The last public funding raise that Teladoc announced was in 2011. The company raised $18.6 million in a round led by Kleiner Perkins Caufield & Byers (KPCB). Other investors in the funding round at the time include Cardinal Partners, HLM Venture Partners, Trident Capital, and New Capital Partners.

Teladoc offers patients an alternative to a standard doctors visit. When a patient needs a doctor but doesn't want to make an appointment, he or she can call Teladoc to schedule a virtual visit. The visit includes a one-on-one consultation with a doctor over phone or video. The doctor can access a patient's HIPAA-compliant EHR and send prescriptions to the patient's pharmacy of choice.

Earlier this month, Teladoc acquired Consult A Doctor for an undisclosed amount. This acquisition will allow small- and medium-sized companies access to Teladoc’s patient-physician consult services. Teladoc, which launched in 2002, has since built a team of physicians that complete more than 120,000 consults annually and have an average of 15 years experience.