About Sermo
Sermo is a company based in New York (United States) founded in 2005 by Morten Kirk was acquired by Abry in February 2019.. Sermo has raised $43 million across 4 funding rounds from investors including Abry Partners, Legg Mason and MMV Financial. The company has 82 employees as of December 31, 2021. Sermo has completed 1 acquisition, including Minter Group. Sermo offers products and services including Sermo Platform and Drug Ratings Database. Sermo operates in a competitive market with competitors including Doximity, Docquity, DailyRounds, DXY and CLIRNet, among others.
- Headquarter New York, United States
- Employees 82 as on 31 Dec, 2021
- Founders Morten Kirk
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Sectors
HealthcareMedia & Entertainment
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Sermo, Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$43 M (USD)
in 4 rounds
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Latest Funding Round
$3.5 M (USD), Series C
Feb 17, 2011
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Investors
Abry Partners
& 5 more
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Employee Count
82
as on Dec 31, 2021
- Investments & Acquisitions
- Acquired by
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Products & Services of Sermo
Sermo offers a comprehensive portfolio of products and services, including Sermo Platform and Drug Ratings Database. 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.
Enables physicians to connect, discuss cases, and earn from surveys.
Allows physicians to rate and review drugs for global treatment insights.
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Funding Insights of Sermo
Sermo has successfully raised a total of $43M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $3.5 million completed in February 2011. 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 4
- Last Round Series C — $3.5M
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First Round
First Round
(26 Sep 2006)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2011 | Amount | Series C - Sermo | Valuation | MMV Financial |
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| Sep, 2007 | Amount | Series C - Sermo | Valuation | Legg Mason | |
| Jan, 2007 | Amount | Series B - Sermo | Valuation | SoftBank Capital |
| 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 Sermo
Sermo has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Abry Partners, Legg Mason and MMV Financial. 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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Tech & Life-Sciences focused Growth stage Venture Debt Firm investing in North America
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Founded Year | Domain | Location | |
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Waiting list management and analyses services in the technology sector.
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Founded Year | Domain | Location | |
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Early-stage investments in tech companies are made globally.
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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 Sermo
Sermo has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Minter Group. 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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Open forum and social networking platform for healthcare professionals
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1981 |
| 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 - Sermo
| 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 |
Sermo Comparisons
Competitors of Sermo
Sermo 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 Doximity, Docquity, 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 |
Mobile networking platform for medical professionals
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| 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 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 Sermo
Frequently Asked Questions about Sermo
When was Sermo founded?
Sermo was founded in 2005 and raised its 1st funding round 1 year after it was founded.
Where is Sermo located?
Sermo is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Sermo a funded company?
Sermo is a funded company, having raised a total of $43M across 4 funding rounds to date. The company's 1st funding round was a Series B of $9.5M, raised on Sep 26, 2006.
How many employees does Sermo have?
As of Dec 31, 2021, the latest employee count at Sermo is 82.
What does Sermo do?
Sermo was founded in 2005 and is headquartered in New York, United States. A social platform is operated for physicians in the healthcare sector, where medical cases are discussed, research is shared, polls are conducted, and advice on diagnoses is sought through peer interactions. Real-life questions are posed among doctors to gather second opinions, supporting professional collaboration within the medical community.
Who are the top competitors of Sermo?
Sermo's top competitors include Doximity, Docquity and DailyRounds.
What products or services does Sermo offer?
Sermo offers Sermo Platform and Drug Ratings Database.
How many acquisitions has Sermo made?
Sermo has made 1 acquisition, including Minter Group.
Who are Sermo's investors?
Sermo has 6 investors. Key investors include Abry Partners, Legg Mason, MMV Financial, Longworth, and SoftBank Ventures.
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