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Greylock leads $40m Series B for US company connecting patients to specialists

25 Jun 2014

stethoscopeVenture capital firm Greylock Partners has led a $40m funding round for patient-to-medical specialist connection company Grand Rounds.

Venrock and Harrison Metal capital also participated in the Series B financing, which brings the company’s total equity to $51m.

Grand Rounds offers a platform that helps its patients receive medical guidance from top physicians in the US as selected by the company’s proprietary algorithm.

With the cash the company hopes to grow its user base to five million patients. Currently the platform has been used by one million people.

Greylock partner Joseph Ansanelli said, “Grand Rounds is a unique company with a world class team providing a software platform and service which not only improves the lives of people but also lowers the costs of providing exceptional health care.”

Restaurant company Jamba Juice signed up as a Grand Rounds customer early this year. CEO James White said, “Because we are able to get our employees to the right physicians when they need it most, we are able to provide an innovative benefit that can potentially be life-changing for themselves and their families.”

Earlier this week Greylock’s Europe and Israel arm Greylock IL led an £18m investment in London-based financial services company Ebury.

Greylock IL partner Laurel Bowden is due to join the board as part of the investment.

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