# First Opinion

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/first-opinion

- Industry: Healthcare
- Headquarters: San Francisco, US
- Website: https://firstopinionapp.com/
- Total disclosed funding: $8.6M
- Latest round: Series A (Dec 18, 2014)
- Investors on record: 7

## About

First Opinion, Inc. is a digital healthcare platform that enhances communication between patients and healthcare professionals through a mobile application, facilitating real-time medical consultations for a more accessible healthcare experience.Founded in 2013 by Mckay Thomas and Riddhi Parekh, First Opinion, Inc. is headquartered in San Francisco, US. The company specializes in providing a mobile application that connects users with healthcare advice. In March 2023, First Opinion raised USD 6.00 mn in a Series A funding round led by Polaris Partners, bringing its total amount raised to USD 6.00 mn and its current valuation to USD 22.75 mn.First Opinion App specializes in providing a digital platform that enhances communication between healthcare professionals and patients. Its core offering includes a mobile application that facilitates real-time consultations, enabling users to access medical advice and support through a user-friendly interface. The service is designed to address the growing need for accessible healthcare solutions, particularly in urban environments where patients seek immediate responses to their health concerns. The app serves a diverse client base, including individuals seeking primary care and healthcare providers looking to streamline their patient interaction processes. Geographically, the application is marketed primarily in North America and Europe, targeting tech-savvy consumers who value convenience and immediacy in healthcare access.The revenue model for First Opinion App is structured around subscription-based services, facilitating ongoing relationships with both individual users and healthcare institutions. Clients typically engage with the platform through various pricing tiers, allowing for both individual access and organizational partnerships. For instance, a healthcare facility may subscribe to a comprehensive plan that includes multiple licenses for staff, alongside individual user subscriptions for patients. This tiered pricing strategy helps maximize accessibility while catering to different user needs. The revenue generated from these subscriptions directly correlates with the number of active users, alongside potential additional fees for premium features or services that enhance the overall user experience.In March 2023, First Opinion, Inc. raised USD 6.00 mn in a Series A funding round, which will be utilized to support the development of new products targeted at enhancing user experience and expanding their market reach. The company aims to launch additional features in the next year, focusing on improving accessibility for underserved populations. Additionally, plans are in place to expand operations into new geographical markets, particularly in Asia and Australia, by the end of 2024.

## Funding rounds

- Series A, Dec 18, 2014, $6M — Polaris Partners, True Ventures, Monashees, Felicis Ventures, Scrum Ventures
- Seed, May 16, 2014, $1.4M — True Ventures, Felicis Ventures
- Seed, Jan 14, 2014, $1.2M — Greylock Partners, Felicis Ventures, 500 Global

## Investors

- Greylock Partners (https://capitalatlas.ai/funds/greylock-partners) — Seed
- Felicis Ventures (https://capitalatlas.ai/funds/felicis-ventures) — Seed, Series A
- 500 Global (https://capitalatlas.ai/funds/500-global) — Seed
- True Ventures (https://capitalatlas.ai/funds/true-ventures) — Seed, Series A
- Polaris Partners (https://capitalatlas.ai/funds/polaris-partners) — Series A
- Monashees (https://capitalatlas.ai/funds/monashees) — Series A
- Scrum Ventures (https://capitalatlas.ai/funds/scrum-ventures) — Series A