Sermo is a medical community and social network for healthcare professionals headquartered in New York, United States. It offers on-demand access to physicians and healthcare professionals.
On one side, it offers tools for HC professionals to connect and discuss, and to monetize their knowledge in surveys. To market research firms, Sermo gives access to its network, helping them run surveys with the members.
Sermo's historical milestones include:
In 2005, it was founded in Boston.
In 2006, Sermo raised $3m from Longworth Venture Partners
In January 2007, it raised $9.5m led by SoftBank Capital, followed by another $25m+ in September from Legg Mason and others. At the time, Sermo had a database of 30,000 members.
In 2010, Sermo found itself struggling and laid off almost half of its ~60 employees.
In 2011, a revamped Sermo raised $3.5m debt from MMV Financial. At the time, it had ~117,000 database members.
In early 2012, Sermo's two founders left the firm to start a new business.
In 2012, Sermo was acquired by WorldOne, a healthcare research firm. At the time, Sermo had a panel of 130,000 healthcare professionals, to be combined with WorldOne's global panel of 1.7 million.
In 2013, Sermo raised $35m from Deerfield, a NYC-based healthcare investor.
In 2016, the database had ~600,000 members.
In 2017, the physician database had grown to ~800,000 members.
In 2019, Sermo raised "significant investment" from Abry Group, a Boston-based private equity firm.
In 2021, Sermo acquired Minter Group, an Australian panel of healthcare professionals.