Belal Badat Ventures

3 Ex-Doximity Employees Investing in Digital Health Founders

We bring 30+ combined years of lessons from building the largest medical network in the US

Our Ethos

Improving US healthcare, 1 startup at a time

Belal Badat was founded in 2022 by Ahmed Belal and Mujtaba Badat with the goal of advising and investing in early-stage digital health startups. Both Ahmed and Mujtaba started informally angel investing in 2016 and decided to focus more intentionally on helping healthcare founders after Doximity's successful IPO in 2021.

In 2024, they recruited their longtime friend and colleague Dr. Peter Alperin as a venture partner to bolster the advice they can offer founders. Together, they co-founded DxAngels, an investment syndicate of Doximity alumni, physicians, and health tech leaders to increase the capital and knowledge they could infuse into the digital health startup ecosystem.

We're early stage builders

Ahmed, Mujtaba, and Dr. Peter Alperin were all early employees at Doximity (NYSE:DOCS) where they helped build the largest medical network in the U.S. with over a million medical professionals and 80% of physicians as members. Between the 3 of them they have 30+ combined years of lessons from the inception of the first products all the way to operating as a publicly traded company.

Managing Partner

Ahmed Belal

As a founding member of Doximity's growth team, Ahmed helped build the largest medical network in the U.S. During his time there, Ahmed worked as a full-stack software engineer, growth product manager, and product partnerships lead. At Nextdoor, Ahmed led user growth and connected neighbors to their neighborhoods. He helped grow Nextdoor's adoption to one in three U.S. households and accelerated growth in over ten countries.

Managing Partner

Mujtaba (MJ) Badat

Mujtaba is a growth enthusiast who specializes in building marketplace products in healthcare. As an early employee at Doximity, he started as a software engineer, moved into product, and eventually worked directly under CEO Jeff Tangey to launch new business initiatives. Those efforts resulted in Doximity’s push into direct staffing and acquisition of Curative Talent. He served as Chief Growth Officer for Doximity’s recruiting businesses for 3 years, leading product and growth efforts before he retired in 2023, concluding a decade-long journey at the company.

Venture Partner

Dr. Peter Alperin

Dr. Pete saw Doximity when it was a drawing on a piece of paper and had a 13 year long journey that spanned roles in sales and product. He built the hospital solutions business from the ground up before handing it off to focus on growing the network products at Doximity. Dr. Pete has held leadership roles at various health tech companies since the early 2000's and still practices medicine in the ER for the VA.

Writing early stage checks

Investing in digital health startups from pre-seed to Series A

Belal Badat Ventures

Belal Badat invests $25,000 to $100,000 into pre-seed and seed stage startups. Our preference is teams that have strong founder-market fit, prior healthcare experience, and a well rounded set of complementary skills. We enjoy pairing with founders to work through problems, especially clinician and hospital facing growth challenges.

DxAngels Syndicate

DxAngels invests $350,000+ in seed and series A startups. Our syndicate prefers companies that have moved beyond initial stages of product market fit and are looking to scale. The investment comes with the combined brain power and experience of dozens of Doximity alumni, tech-forward physicians, and health tech leaders who want to help your business grow.