PokitDok is a California-based healthcare company that is developing DokChain, an effort to apply blockchain technology to medical records. The company announced a $5 million raise from GIS Strategic Ventures, the VC arm of Guardian. PokitDok said the new capital will be used to fund DokChain development. The article notes a partnership with Pager, a mobile app offering doctor house calls. The raise brings PokitDok’s total funding to date to $48 million. No revenue or user metrics were disclosed in the article. PokitDok provides a suite of cloud-based web services and 16 APIs that let health systems, technology providers and developers integrate scheduling, payment processing, interoperability and medical-procedural code reconciliation into apps and products. The platform exposes insurance information and current cash and insurance prices across a marketplace of more than 40,000 providers in 44 U.S. markets and has developed relationships with over 300 insurers. PokitDok also offers e-commerce enabled scheduling, identity management to match patient records across EHRs/EMRs, and a marketplace for consumers to shop, book and pay for services. The company has advanced its platform with DokChain, an evolution using blockchain and distributed technologies to reduce administrative waste and enable new value creation. PokitDok says it will use the new funding to broaden the scope of its AI, including new administrative tasks. Founded in 2011, the company has pivoted from a consumer-facing marketplace toward an API-first business serving enterprise and developer customers. Its technology is used by partners such as telemedicine apps to create improved consumer experiences. PokItDok provides a software framework of healthcare-focused APIs that let mobile and web developers build applications for scheduling, payments, eligibility checks, referrals, claims submission, patient identity management, and provider search. Launched in 2011, the company enables data transfer between patients, providers, and insurers and reports relationships with more than 300 insurance providers nationally. Its platform is positioned to make it easier for developers to build services that various healthcare parties can adopt, streamlining workflows and saving time. The company has attracted investor interest, closing a major Series B and bringing total funding to date to $39 million. Product usage and traction are framed around its integrations with insurers and developer adoption rather than disclosed revenue figures. PokitDok operates an online health marketplace that allows consumers to research and shop for healthcare by specialty, condition, or provider and pay using insurance, cash, or an HSA. Providers can establish storefronts to market services, including traditional and alternative treatments, and publish prices. The company was founded in October 2011 by CEO Lisa Maki and is based in San Mateo, California, with an office in Charleston, South Carolina. PokitDok recently received $4M in Series A funding and intends to use the proceeds to expand its beta program. The company plans to add engineering, business development and marketing staff at both its Silicon Valley headquarters and Charleston office. As part of the financing, two investors will join the board of directors. PokitDok is a Menlo Park, CA-based health and wellness startup operating a community-based website for consumers. The platform combines an open discussion forum with a cash-based consumer marketplace for health and wellness services. It is led by CEO and Co-Founder Lisa Maki and CTO Theodore Tanner, Jr. The company was in private beta in Los Angeles and planned a national beta launch on July 17, 2012. PokitDok raised $1.3M in seed funding from a group of investors including Charles River Ventures, Jonathan Sposato, Jeff Entress, the Ballast Fund, Albert Prast, Jason Portnoy and Zach Zeitlin.

Total raised

$45M

Funding rounds

6

Latest round

Equity

Latest activity

Mar 2017