About 2nd MD
2nd MD is a company based in Houston (United States) founded in 2011 was acquired by Accolade in January 2021.. 2nd MD has raised $5.23 million across 2 funding rounds from investors including Accolade. 2nd MD offers products and services including Second Opinion Service and 2nd.MD App. 2nd MD operates in a competitive market with competitors including One Medical, MD Live, HealthJoy, Doctor On Demand and Curai Health, among others.
- Headquarter Houston, United States
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Sectors
TechnologyHealthcare
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Phone
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Website
*********
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Social
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- Legal Name Innovation Specialists Llc
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Products & Services of 2nd MD
2nd MD offers a comprehensive portfolio of products and services, including Second Opinion Service and 2nd.MD App. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Service for virtual expert consultations on medical conditions
App for accessing video-based doctor consultations
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Funding Insights of 2nd MD
2nd MD has successfully raised a total of $5.23M across 2 strategic funding rounds. The most recent funding activity was a Angel Round round of $4 million completed in June 2014. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Angel Round — $4.0M
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First Round
First Round
(10 May 2011)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2014 | Amount | Angel Round - 2nd MD | Valuation |
investors |
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| May, 2011 | Amount | Seed - 2nd MD | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in 2nd MD
2nd MD has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Accolade. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Employee health benefits are facilitated via a cloud-based platform.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by 2nd MD
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - 2nd MD
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
2Nd Md Comparisons
Competitors of 2nd MD
2nd MD operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as One Medical, MD Live, HealthJoy, Doctor On Demand and Curai Health, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Membership-based primary care platform is offered for employees and consumers.
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| domain | founded_year | HQ Location |
Cloud-based telemedicine consultations are offered 24/7 to patients nationwide.
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| domain | founded_year | HQ Location |
Telemedicine consultations are facilitated via web and mobile platforms.
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| domain | founded_year | HQ Location |
Virtual consultations with physicians are provided through a telemedicine platform.
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| domain | founded_year | HQ Location |
AI-based teleconsultation solutions are offered for individuals and employees.
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| domain | founded_year | HQ Location |
Online telecommunication solution for patient, doctors and employees
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about 2nd MD
When was 2nd MD founded?
2nd MD was founded in 2011.
Where is 2nd MD located?
2nd MD is headquartered in Houston, United States. It is registered at Houston, Texas, United States.
Is 2nd MD a funded company?
2nd MD is a funded company, having raised a total of $5.23M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.23M, raised on May 10, 2011.
What does 2nd MD do?
The company was founded in 2011 in Houston, United States, and operates in the healthcare sector. An online platform is utilized to connect employees with specialists for second opinion consultations through video calls. Services are integrated with organizational healthcare membership packages, enabling registered employees to access expert advice on medical matters. Operations focus on facilitating remote teleconsultations for corporate workforces.
Who are the top competitors of 2nd MD?
2nd MD's top competitors include One Medical, MD Live and HealthJoy.
What products or services does 2nd MD offer?
2nd MD offers Second Opinion Service and 2nd.MD App.
Who are 2nd MD's investors?
2nd MD has 1 investor. Key investors include Accolade.
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