SOC Telemed
About SOC Telemed
SOC Telemed is a company founded in 2004 was acquired by Patient Square Capital in February 2022.. SOC Telemed has raised $283.64 million across 18 funding rounds from investors including Warburg Pincus, CRG and Patient Square Capital. SOC Telemed has completed 2 acquisitions, including Access Physicians and JSA Health Telepsychiatry. SOC Telemed offers products and services including Telemedicine Platform, TeleStroke Service, and TelePulmonology Service. SOC Telemed operates in a competitive market with competitors including Amwell, Ro, MD Live, HealthTap and K Health, among others.
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Sectors
Healthcare
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Email
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Phone
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Website
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Social
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- Legal Name Specialists On Call, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$283.64 M (USD)
in 18 rounds
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Latest Funding Round
$2 M (USD), Series B
Dec 23, 2019
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Investors
Warburg Pincus
& 2 more
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Employee Count
Employee Count
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Investments & Acquisitions
Access Physicians
& 1 more
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Acquired by
Patient Square Capital
(Feb 03, 2022)
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Products & Services of SOC Telemed
SOC Telemed offers a comprehensive portfolio of products and services, including Telemedicine Platform, TeleStroke Service, and TelePulmonology Service. 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.
Platform for virtual consultations in acute care specialties
Remote diagnosis and treatment for stroke patients
Virtual critical care support for respiratory conditions
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Software Development Team
23 people
Leadership Team
21 people
Sales and Marketing
7 people
Finance and Accounting
4 people
Legal and Compliance
4 people
Operations Team
3 people
Implementation Team
3 people
Data Analysis and Operations Team
2 people
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Funding Insights of SOC Telemed
SOC Telemed has successfully raised a total of $283.64M across 18 strategic funding rounds. The most recent funding activity was a Series B round of $2 million completed in December 2019. 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 18
- Last Round Series B — $2.0M
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First Round
First Round
(01 Apr 2008)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2019 | Amount | Series B - SOC Telemed | Valuation |
investors |
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| Dec, 2017 | Amount | Series B - SOC Telemed | Valuation |
investors |
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| Sep, 2016 | Amount | Debt – Conventional - SOC Telemed | Valuation |
investors |
| 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 SOC Telemed
SOC Telemed has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Warburg Pincus, CRG and Patient Square Capital. 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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CRG is recognized as a premier healthcare investment partner.
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Founded Year | Domain | Location | |
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Multi-stage private equity investments are pursued across diverse sectors.
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Founded Year | Domain | Location | |
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Patient Square Capital is focused on health care investments.
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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 SOC Telemed
SOC Telemed has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Access Physicians and JSA Health Telepsychiatry. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Developer of physician virtual care solutions
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2011 | ||||
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Web-based video consultations with psychiatrists are offered online.
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2007 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - SOC Telemed
| 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 |
Soc Telemed Comparisons
Competitors of SOC Telemed
SOC Telemed 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 Amwell, Ro, MD Live, HealthTap and K 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 |
Telehealth solutions are provided for doctors and patients' consultations.
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| domain | founded_year | HQ Location |
Digital health services for men's wellness are offered by Ro.
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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 |
Tech-enabled Q&A and video consultation platform for patients and doctors
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| domain | founded_year | HQ Location |
Access to clinicians is facilitated by an AI-based healthcare platform.
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| domain | founded_year | HQ Location |
Primary healthcare is delivered through telemedicine services.
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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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Latest news on Soc Telemed
Frequently Asked Questions about SOC Telemed
When was SOC Telemed founded?
SOC Telemed was founded in 2004 and raised its 1st funding round 4 years after it was founded.
Is SOC Telemed a funded company?
SOC Telemed is a funded company, having raised a total of $283.64M across 18 funding rounds to date.
What does SOC Telemed do?
SOC Telemed was established in 2004 within the healthcare sector as a telemedicine platform. Services are extended to departments including teleNeurology, telePsychiatry, and teleICU. The Telemed IQ platform is employed by providers to construct customized telemedicine programs using in-house physicians. Integration of these services is supported to address specific organizational requirements in remote consultations.
Who are the top competitors of SOC Telemed?
What products or services does SOC Telemed offer?
SOC Telemed offers Telemedicine Platform, TeleStroke Service, and TelePulmonology Service.
How many acquisitions has SOC Telemed made?
SOC Telemed has made 2 acquisitions, including Access Physicians, and JSA Health Telepsychiatry.
Who are SOC Telemed's investors?
SOC Telemed has 3 investors. Key investors include Warburg Pincus, CRG, and Patient Square Capital.