SOC Telemed, Inc. announced that it has received $168 million in funding from BlackRock, Inc., Baron Capital Group, Inc., ClearBridge Investments, LLC, Bon Secours Mercy Health, Inc., Carilion Clinic Inc., Legg Mason, Inc. and other investors

On October 30, 2020, SOC Telemed, Inc. closed the transaction. The transaction also included participation from Legg Mason, Inc. The investors will own around 20% stake in the company. The company has issued securities pursuant to exemption provided under Regulation D.