Sermo Receives $5M in Debt Financing

Sermo, a Cambridge, MA-based online physician community, has received a $5m facility.
MMV Financial, a specialty finance firm serving venture-backed companies in North America, has provided $3.5m to the company.
Sermo intends to use the proceeds to continue expanding its physician community.
Founded in 2005 by CEO Daniel Palestrant, the company operates a platform that allows clients to aggregate information, tap into peer-to-peer insight, gain market intelligence and increase brand awareness. In addition, Sermo has developed a number of research platforms that allow clients to conduct real-time qualitative and quantitative research.
The company currently services over 300 clients, including pharmaceutical companies, healthcare institutions, financial services firms and government agencies.

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