QPID Health Raises $12.3M in Series B Funding

Funding Rounds

Summary

QPID Health, a Boston, MA-based developer of clinical intelligence solutions for healthcare providers, raised $12.3m in Series B funding.The company intends to use the funds to expand adoption for its clinical intelligence solution among hospitals and healthcare systems in the U.S.Led by CEO Mike Doyle, QPID Health provides a clinical intelligence solution that allows clinicians to get access to patient data stored in electronic health records (EHRs) and other backend data repositories.In 2013, its first year of commercial operation, the company ended the year with 4,000 active clinical users, grown to nearly 5,000 clinician users in Q1 2014.Current customers include Massachusetts General and Brigham & Women’s Hospitals as well as other members of the Partners HealthCare system.

$ Funding

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Amount $12.3M Total raised
Date May 6, 2014 Announcement date
Investors Matrix Partners, New Leaf Venture Partners Lead investors
Company http://www.qpidhealth.com Funded company

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HealthTech
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