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Doximity Secures Major Venture Capital Investment

^{Published on 2011-03-16 07:10:54 - Market Wire}
 

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.

"We have enormous confidence in the potential of Doximity to modernize medical communications"

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 Doximitya™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.

aAlready available on several computing platforms, we will now extend our producta™s interactivity and integration with other systems,a said Jeff Tangney, CEO of Doximity. aOur marketing and customer service presence will also grow to support our rapidly growing physician community.a

InterWest Partners, a diversified venture capital firm based in Silicon Valley, was the lead investor in Tangneya™s previous company, Epocrates. aWe have enormous confidence in the potential of Doximity to modernize medical communications,a 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. aWe 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,a said Gordon Ritter, a founding partner at Emergence Capital.

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