About DrFirst
DrFirst is a company based in Rockville (United States) founded in 2000 by James F Chen.. DrFirst has raised $85.8 million across 8 funding rounds from investors including SVB, SunTrust Bank and Sixth Street. DrFirst has completed 3 acquisitions, including Myndshft, The IN Group and VisibilityRx. DrFirst offers products and services including E-Prescribing, Electronic Prior Authorization, Medication History, and Patient Engagement. DrFirst operates in a competitive market with competitors including Azalea Health, Innovaccer, Health Catalyst, CitiusTech and CompuGroup Medical, among others.
- Headquarter Rockville, United States
- Founders James F Chen
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Sectors
Healthcare
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Phone
*********
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Website
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Social
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- Legal Name Drfirst.Com, Inc.
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Products & Services of DrFirst
DrFirst offers a comprehensive portfolio of products and services, including E-Prescribing, Electronic Prior Authorization, Medication History, and Patient Engagement. 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.
Facilitates electronic prescribing to ease staff burden and meet regulations.
Automates access to specialty drugs for faster approvals.
Provides complete medication data via a large U.S. network.
Delivers personalized messages for education and reminders.
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Leadership Team
28 people
Software Development Team
23 people
Sales and Marketing
16 people
Product Management Team
12 people
Operations Team
10 people
Data Analysis and Operations Team
8 people
Senior Team
5 people
Human Resources and Administration
3 people
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Funding Insights of DrFirst
DrFirst has successfully raised a total of $85.8M across 8 strategic funding rounds. The most recent funding activity was a Series C round of $50 million completed in May 2021. 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 8
- Last Round Series C — $50.0M
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First Round
First Round
(23 Jan 2002)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| May, 2021 | Amount | Series C - DrFirst | Valuation | Sixth Street |
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| Apr, 2019 | Amount | Debt – Conventional - DrFirst | Valuation |
investors |
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| Oct, 2015 | Amount | Series B - DrFirst | 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 DrFirst
DrFirst has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include SVB, SunTrust Bank and Sixth Street. 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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Private equity and debt investments are managed across multiple sectors.
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Founded Year | Domain | Location | |
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Liquidity solutions are provided to private shareholders and companies.
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Founded Year | Domain | Location | |
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Commercial banking services are offered to individuals and businesses.
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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 DrFirst
DrFirst has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Myndshft, The IN Group and VisibilityRx. 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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Provider of financial benefits and prior authorization management platform
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2015 | ||||
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Solutions for patient identification, recruitment and communication for clinical research, risk evaluation and mitigation and market research
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2010 | ||||
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Patient engagement, medical benefits, and medication management services are offered.
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2004 |
| 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 - DrFirst
| 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 |
Drfirst Comparisons
Competitors of DrFirst
DrFirst 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 Azalea Health, Innovaccer, Health Catalyst, CitiusTech and CompuGroup Medical, 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 |
EHR Platform with integrated Telehealth, Mobile health and RCM solutions for healthcare providers
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| domain | founded_year | HQ Location |
Provider of an AI-powered cloud platform for healthcare performance improvement
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| domain | founded_year | HQ Location |
Cloud-based data analytics are provided for healthcare organizations.
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| domain | founded_year | HQ Location |
Provider of AI solutions for clinical, operational, and business outcomes
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| domain | founded_year | HQ Location |
Suite of practice management, reimbursement, laboratory and analytics solutions to healthcare providers
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Drfirst
Frequently Asked Questions about DrFirst
When was DrFirst founded?
DrFirst was founded in 2000 and raised its 1st funding round 2 years after it was founded.
Where is DrFirst located?
DrFirst is headquartered in Rockville, United States. It is registered at Rockville, Maryland, United States.
Who is the current CEO of DrFirst?
G Cameron Deemer is the current CEO of DrFirst.
Is DrFirst a funded company?
DrFirst is a funded company, having raised a total of $85.8M across 8 funding rounds to date. The company's 1st funding round was a Series B of $25M, raised on Jan 23, 2002.
What does DrFirst do?
DrFirst was founded in 2000 and is headquartered in Rockville, United States. Software solutions are provided for e-prescription and secure messaging within the healthcare sector. Practice management and administrative tasks are supported through developed tools. Patient engagement, medication management, and care coordination features are incorporated to assist providers in operational needs.
Who are the top competitors of DrFirst?
DrFirst's top competitors include Innovaccer, CompuGroup Medical and CitiusTech.
What products or services does DrFirst offer?
DrFirst offers E-Prescribing, Electronic Prior Authorization, Medication History, and Patient Engagement.
How many acquisitions has DrFirst made?
DrFirst has made 3 acquisitions, including Myndshft, The IN Group, and VisibilityRx.
Who are DrFirst's investors?
DrFirst has 5 investors. Key investors include SVB, SunTrust Bank, Sixth Street, Goldman Sachs Investment Partners, and Savano Capital Partners.
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