Doximity

Doximity
Company type	Public
Industry	Healthcare, Social networking
Founded	March 2011; 15 years ago
Founder	Nate Gross, Jeff Tangney, Shari Buck
Headquarters	San Francisco, United States
Area served	United States
Key people	Jeff Tangney (CEO)
Products	Professional networking platform, medical news, telemedicine solutions, healthcare staffing and recruitment services
Website	doximity.com

Doximity is a professional networking platform tailored for healthcare practitioners. Established in 2010, it offers specialized medical news, telemedicine solutions, and collaborative case discussions.

History

Doximity was created in March 2011 by Nate Gross, Jeff Tangney, and Shari Buck, and experienced rapid expansion under the guidance of CEO Jeff Tangney. By 2013, it had become one of the foremost networks for healthcare professionals in the United States, comprising roughly 10% of American physicians as members. Membership surged to 40% of U.S. doctors by early 2014 and further increased to exceed 70% by 2018, reaching a total user base of one million. By 2021, the platform boasted over two million registered users, including more than 80% of U.S. physicians along with over half of nurse practitioners and physician assistants.

In 2016, Doximity rolled out a complimentary feature enabling physicians to contact patients through their personal mobile devices while displaying their professional phone number. That same year, the company earned the #6 spot on Deloitte’s Technology Fast 500 list and maintained a presence on this ranking for four years consecutively until 2019.

May 2020 saw the introduction of Dialer Video, a telehealth application facilitating secure video consultations between doctors and patients via smartphones. The following month, Doximity expanded its offerings by acquiring THMED and launching Curative Brand, venturing into healthcare staffing and recruitment services for both permanent and temporary positions.

In May 2021, Doximity filed for an initial public offering (IPO), initially aiming to raise $100 million. The IPO, led by Morgan Stanley, Goldman Sachs, and J.P. Morgan Securities, ultimately secured close to $606 million. When it debuted on the New York Stock Exchange in June 2021, the firm was valued at approximately $9.4 billion.

By August 2021, despite enforcing community standards against misinformation, vaccine-related false information circulated among users. During this period, pharmaceutical companies and hospitals represented about 80% of Doximity’s advertising revenue targeting medical professionals.

Headquartered in San Francisco as of 2022, Doximity continued to broaden its service portfolio. In November 2023, it introduced DocDefender—a complimentary tool designed to remove physicians’ private contact details from public websites. The platform remained widely adopted by nearly 80% of U.S. doctors.

Investors

In April 2014, Doximity secured $54 million in a funding round led by venture capital firm Draper Fisher Jurvetson alongside mutual fund manager T. Rowe Price, with further contributions from Morgan Stanley Investment Management. This round elevated total capital raised to $81 million. Previous investments included $10.8 million from Emergence Capital Partners and Interwest Partners in March 2011, followed by a $17 million Series B round spearheaded by Morgenthaler Ventures in September 2012.

Dialer

Introduced in 2016, Dialer is a complimentary communication solution that allows physicians to make calls to patients from their personal mobile phones while displaying the doctor's office number on the recipient’s caller ID, thereby maintaining a professional appearance.

Dialer Video

Doximity launched Dialer Video in May 2020, a telehealth platform designed for physicians to conduct video appointments using smartphones. By July 2020, this telemedicine application had been adopted by more than 100,000 U.S. doctors, demonstrating swift integration into remote healthcare services.

Acquisition

Doximity has broadened its offerings through strategic acquisitions. In June 2020, it purchased healthcare staffing firm THMED, which was subsequently renamed Curative to emphasize specialized medical personnel solutions. Later, in February 2022, Doximity acquired Amion, a company specializing in on-call physician scheduling, for $82.5 million, enhancing its capabilities in managing healthcare workforce logistics.

External links