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Telehealth kiosk company secures $50 million in funding

HealthSpot telehealth kiosk provider Teladoc has secured $50 million of equity funding from Jafco Ventures, a technology venture capital firm.

September 24, 2014

HealthSpot telehealth kiosk provider Teladoc has secured $50 million of equity funding from Jafco Ventures, a technology venture capital firm, the company said.

The Dallas-based company has earmarked the funding for new telehealth products and services.

"Teladoc has experienced phenomenal growth. After doubling revenue in each of the last two years, we look to accelerate this trend," said Jason Gorevic, CEO of Teladoc, in the company announcement. "This sizeable investment will allow us to quickly develop new products and services that deliver additional value for our customers while simultaneously expanding into new markets and distribution channels. Our goal is to extend our significant lead in the industry such that Teladoc is the de facto brand in telehealth."

The company expects "record-setting growth" by January 2015, with medical consults totaling more than a quarter-million, Teladoc said.