Dragoneer invests additional $186 mln in PointClickCare
Summary
Since Dragoneer’s initial investment in August 2016, PointClickCare has demonstrated strong performance and now supports over 15,000 LTPAC provider communities and agencies on its platform, representing over 60 percent market share and the largest single repository of post-acute data in the industry. “Having watched PointClickCare successfully execute on its strategic plan over the past two years we are excited to support the Company as it continues to capitalize on the opportunities ahead,” said Marc Stad, Founder and Portfolio Manager of Dragoneer. “We are delighted to be deepening our strategic relationship, and I look forward to working closely with the PointClickCare team to continue delivering sustainable and profitable growth while leading the industry in innovative cloud solutions for the healthcare continuum,” said Christian Jensen. Dragoneer has a history of partnering with management teams growing exceptional companies characterized by sustainable differentiation and superior economic models. Dragoneer has been an investor in companies such as Airbnb, Alibaba, AmWins, Appfolio, Atlassian, Dollar Shave Club, Etsy, Facebook, JD.com, Netflix, New Relic, PointClickCare, Procore, Spotify, Square, ServiceNow, Uber, and others.
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