What is Timely by DrFirst?
Since its inception in 2000, DrFirst has functioned as a pivotal force in healthcare technology, specializing in solutions that bridge critical information gaps within the clinical environment. Headquartered in Rockville, Maryland, the company addresses complex challenges including medication management, price transparency, and care collaboration. By shattering traditional information silos, Timely by DrFirst enables seamless connectivity across the healthcare ecosystem, ultimately driving improved patient outcomes and operational efficiency for providers and health systems alike.
How much funding has Timely by DrFirst raised?
Timely by DrFirst has raised a total of $142.5M across 7 funding rounds:
Debt
$10M
Multiple Rounds
$65.5M
Unspecified
$17M
Other Financing Round
$50M
Debt (2014): $10M with participation from Silicon Valley Bank
Private Equity (2015): $3.5M, investors not publicly disclosed
Debt (2015): $12M supported by SunTrust Bank
Private Equity (2015): $25M featuring Goldman Sachs
Private Equity (2015): $25M backed by Goldman Sachs
Unspecified (2019): $17M with participation from SunTrust Banks
Other Financing Round (2021): $50M led by Sixth Street
Key Investors in Timely by DrFirst
Goldman Sachs
Goldman Sachs is a leading global investment banking, securities, and investment management firm. It provides a wide range of financial services to corporations, governments, and institutional and individual clients, including mergers and acquisitions advisory, underwriting, asset management, securities trading, and wealth management.
Sixth Street
Sixth Street is a global investment firm with significant assets under management, known for its strategic stakes in high-growth technology and consumer-facing companies.
SunTrust Bank
SunTrust Banks is a diversified financial service holding company providing a range of financial services to consumer and corporate clients, including credit, trust, and investment management.
What's next for Timely by DrFirst?
The recent influx of capital positions Timely by DrFirst to aggressively pursue its next phase of enterprise-level growth. By leveraging this major strategic investment, the company is expected to enhance its core technology stack, focusing on advanced interoperability and data-driven clinical decision support. As the healthcare industry continues to prioritize digital transformation, DrFirst is well-positioned to capitalize on the increasing demand for secure, integrated care solutions that optimize the patient journey and reduce administrative friction.
See full Timely by DrFirst company page
