CareCloud Raises $20.1M in Series A Funding
Summary
CareCloud, a Miami, FL-based provider of cloud-based healthcare management solutions, has raised $20.1m in a Series A funding.The round, which was led by Intel Capital with participation from Norwest Venture Partners, also includes an approximately $3.8m conversion of debt to equity.Founded in 2010 by CEO Albert Santalo, CareCloud offers a cloud-based healthcare management solution which provides medical practices with a comprehensive and secure system that unifies clinical, financial, and administrative workflow.The company, which currently services more than 1,000 physicians and other healthcare providers throughout the United States, plans to introduce its EMR, launch new apps this year and hire new people.FinSMEs 27/09/2011
Funding
Amount
$20.1M
Total raised
Date
September 26, 2011
Announcement date
Investors
Norwest Venture Partners
Lead investors
Company
http://www.carecloud.com
Funded company
Classifications
industries
HealthTech
applications
No applications detected
AskAI Classifications
Labels
Healthcare IT
SaaS
Electronic Health Records (EHR)
Linked Companies
CareCloud
$100M to $250M