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United States : DrFirst announces $10M in debt financing from SILICON VALLEY BANK

August 8, 2014

DrFirst has announced $10 million in debt financing from Silicon Valley Bank.

DrFirst is a Rockville-based electronic prescription software service provider. The company has bolstered its products over the years to include software in medication management, adherence and care coordination.

According to the company, the financing will be used for product development and an anticipated international expansion in the next year.

Founded in 200, DrFirst was initially funded via investors. In 2002, the investors imparted the company with an extra $2.3 million. Alexandria-based SureScripts certified DrFirst. The company is integrated with over a third of electronic medical and health records.

Silicon Valley Bank is the California subsidiary and commercial banking operation of SVB Financial Group. It owns over $29 billion in assets.

For more stories on investments and markets, please see HispanicBusiness' Finance Channel

Source: TendersInfo (India)

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