CareCloud Raises $31.5m in Series C Funding

CareCloud, a Miami, FL-based platform for medical groups, raised $31.5m in Series C funding.The round was led by new investor Blue Cloud Ventures with participation from PNC Financial Services Group (NYSE: PNC), and First Data Corporation (NYSE: FDC), and prior investors Norwest Venture Partners, Intel Capital, Tenaya Capital and Adams Street Partners.The company, which previously entered into a debt financing agreement with Wellington Financial, intends to use the funds to scale its team and its clinical and financial platform.Led by Ken Comée, CEO, CareCloud supports medical practices in cardiology, general surgery, orthopedics, dermatology, ophthalmology, neurology, internal medicine, urology and family medicine specialties through a cloud-based platform that streamlines workflow and supports patient engagement in terms of cycle management, practice management (PM), electronic health record (EHR) and patient engagement activities.FinSMEs 15/11/2016