About Doximity
Doximity is a company based in San Mateo (United States) founded in 2011 by Nate Gross.. Doximity has raised $81.85 million across 3 funding rounds from investors including Morgan Stanley, T. Rowe Price and DFJ. The company has 830 employees as of March 31, 2024. Doximity has completed 4 acquisitions, including AmiOn, Curative Talent and Pathway. Doximity offers products and services including Doximity App, Dialer, AI Writing Assistant, Fax Service, and News Reader. Doximity operates in a competitive market with competitors including Docquity, Sermo, DailyRounds, DXY and CLIRNet, among others.
- Headquarter San Mateo, United States
- Employees 830 as on 31 Mar, 2024
- Founders Nate Gross
- Stage Public
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Sectors
HealthcareMedia & Entertainment
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Phone
*********
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Website
*********
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Social
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- Legal Name Doximity, Inc.
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Annual Revenue
$570.4 M19.98as on Mar 31, 2024
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Net Profit
$223.19 M51.23as on Mar 31, 2024
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EBITDA
$241.44 M31.91as on Mar 31, 2024
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Total Equity Funding
$81.85 M (USD)
in 3 rounds
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Latest Funding Round
$54 M (USD), Series C
Apr 29, 2014
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Investors
Morgan Stanley
& 5 more
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Employee Count
830
as on Mar 31, 2024
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Investments & Acquisitions
AmiOn
& 3 more
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IPO & Listings of Doximity
Doximity is a publicly listed company on the NYSE with ticker symbol DOCS in USA, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Doximity
Doximity offers a comprehensive portfolio of products and services, including Doximity App, Dialer, AI Writing Assistant, Fax Service, and News Reader. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for secure networking among healthcare professionals.
Tool for private video and voice calls to patients.
AI for generating HIPAA-compliant chart notes and paperwork.
Mobile faxing for secure, HIPAA-compliant document sharing.
App for accessing and sharing medical news and research.
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Software Development Team
194 people
Leadership Team
59 people
Senior Team
35 people
Sales and Marketing
26 people
Data Analysis and Operations Team
23 people
Finance and Accounting
11 people
Product Management Team
11 people
Operations Team
8 people
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Funding Insights of Doximity
Doximity has successfully raised a total of $81.85M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $54 million completed in April 2014. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series C — $54.0M
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First Round
First Round
(16 Mar 2011)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2014 | Amount | Series C - Doximity | Valuation | DFJ , T. Rowe Price | |
| Oct, 2012 | Amount | Series B - Doximity | Valuation | Morgenthaler | |
| Mar, 2011 | Amount | Series A - Doximity | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Doximity
Doximity has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include Morgan Stanley, T. Rowe Price and DFJ. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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US focused VC firm
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Founded Year | Domain | Location | |
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Tech focused Early and growth stage VC firm investing in the US
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Founded Year | Domain | Location | |
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Early-stage investing in IT and healthcare ventures.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Doximity
Doximity has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include AmiOn, Curative Talent and Pathway. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Curative Talent is engaged in healthcare staffing and recruitment.
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2020 | ||||
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Guidance tools and reference resources are provided to healthcare providers.
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2020 | ||||
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Medical staffing services are provided to healthcare facilities nationwide.
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2009 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Doximity
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Doximity Comparisons
Competitors of Doximity
Doximity operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Docquity, Sermo, DailyRounds, DXY and CLIRNet, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Professional networking for doctors is facilitated through discussions and resources.
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| domain | founded_year | HQ Location |
Provider of social community for physicians
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| domain | founded_year | HQ Location |
Provider of a social platform for healthcare professionals
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| domain | founded_year | HQ Location |
An online community for physicians and healthcare professionals is facilitated.
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| domain | founded_year | HQ Location |
Online networking and knowledge-sharing platform for doctors is operated.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Doximity
Frequently Asked Questions about Doximity
When was Doximity founded?
Doximity was founded in 2011.
Where is Doximity located?
Doximity is headquartered in San Mateo, United States. It is registered at San Mateo, California, United States.
Is Doximity a funded company?
Doximity is a funded company, having raised a total of $81.85M across 3 funding rounds to date. The company's 1st funding round was a Series A of $10.8M, raised on Mar 16, 2011.
How many employees does Doximity have?
As of Mar 31, 2024, the latest employee count at Doximity is 830.
What is the annual revenue of Doximity?
Annual revenue of Doximity is $570.4M as on Mar 31, 2024.
What does Doximity do?
Doximity was founded in 2011 and is headquartered in San Mateo, United States. A mobile platform is provided for healthcare professionals, where physicians are enabled to connect with peers, collaborate on patient care, expand practices, and explore career options. Hospitals and recruiters are facilitated in sourcing doctors, while information on residency programs is offered through partnerships. Operations focus on the healthcare sector across the United States.
Who are the top competitors of Doximity?
Doximity's top competitors include Docquity, Sermo and DailyRounds.
What products or services does Doximity offer?
Doximity offers Doximity App, Dialer, AI Writing Assistant, Fax Service, and News Reader.
Is Doximity publicly traded?
Yes, Doximity is publicly traded on NYSE under the ticker symbol DOCS.
How many acquisitions has Doximity made?
Doximity has made 4 acquisitions, including AmiOn, Curative Talent, and Pathway.
Who are Doximity's investors?
Doximity has 6 investors. Key investors include Morgan Stanley, T. Rowe Price, DFJ, Emergence Capital, and InterWest.
What is Doximity's ticker symbol?
The ticker symbol of Doximity is DOCS on NYSE.
What is Doximity's valuation?
The valuation of Doximity is $80M as of Oct 2012.
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