MD networking firm Sermo lands $3.5M funding

By Michelle Lang

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Sermo Inc., the Cambridge maker of an online social network for physicians, has taken in $3.5 million, part of a larger $5 million financing, from MMV Financial of Reston, Va.

A news release from MMV indicated that the growth capital financing will help Sermo grow its pool of physicians.

Founded in December 2005, Sermo developed its Client Center platform for physicians to connect with other doctors, search for other physicians in 68 specialties and participate in medical panels.

The company’s backers include Baltimore-based Legg Mason Investment Trust Inc., Newton-based SoftBank Capital Technology Fund and Waltham-based Longworth Venture Partners.

Xconomy first reported on Sermo’s financing today.

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