Allocade Raises $5M in Venture Capital Financing

Allocade, Inc., a Menlo Park, CA-based developer of innovative healthcare software solutions, has closed a $5m round of venture capital financing.

The round was led by VantagePoint Venture Partners.
The financing will enable Allocade to expand its sales and marketing efforts, as well as our research and development to meet the increased demand for the company’s first product, On-Cue™, a dynamic software aimed at helping hospital caregivers effectively manage patient flow logistics.

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