Doximity Secures Major Venture Capital Investment

Health technology company will invest in rapid product development

SAN MATEO, Calif.--(BUSINESS WIRE)-- Doximity, a new health technology company from the founders of Epocrates (NASDAQ: EPOC), secured a $10.8 million Series A venture capital investment from Emergence Capital Partners and InterWest Partners, funding further development of its secure physician network.

Doximity is a free communication platform that links medical professionals, enabling faster, smarter treatment. With Doximity, physicians can use their iPhone, iPad, Android device or computer to quickly connect with any U.S. physician to collaborate on patient treatment or identify the appropriate expert for patient referrals.

In addition to Doximity’s networking benefits, the application also offers physicians the first HIPAA-compliant text messaging system supporting care teams with high-resolution images. Doximity enables doctors to spend less time tracking down information so they can spend more time on patient care.

“Already available on several computing platforms, we will now extend our product’s interactivity and integration with other systems,” said Jeff Tangney, CEO of Doximity. “Our marketing and customer service presence will also grow to support our rapidly growing physician community.”

InterWest Partners, a diversified venture capital firm based in Silicon Valley, was the lead investor in Tangney’s previous company, Epocrates. “We have enormous confidence in the potential of Doximity to modernize medical communications,” said Doug Pepper, an InterWest General Partner. Tangney was an entrepreneur-in-residence at InterWest for five months prior to starting Doximity.

Emergence Capital Partners, also based in Silicon Valley, has led venture financing for Salesforce.com, Yammer and SuccessFactors. “We believe the opportunity for innovation in healthcare has never been greater than today and Doximity represents the best of a new wave of health IT technologies,” said Gordon Ritter, a founding partner at Emergence Capital.

To learn more about Doximity, please visit http://doximity.com/.



CONTACT:

Ogilvy Public Relations
Mary Baker, 202-729-4147
[email protected]

KEYWORDS:   United States  North America  California

INDUSTRY KEYWORDS:   Technology  Internet  Networks  Software  Other Technology  Health  Hospitals  Other Health  Professional Services  Consulting  General Health

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