MedVentive Closes $10M Series C Round of Funding

MedVentive, a Cambridge, MA-based supplier of integrated performance management solutions for health providers, has completed its $10m Series C financing. 

Investors in the round include Core Capital Partners, Clarian Health Ventures (CHV), Excel Venture Management, Long River Ventures and HLM Venture Partners.

The new funds will be used to accelerate the company’s next phase of product innovation.

In August 2009, MedVentive announced that it had raised $7.25m as a part of this series C round.
In conjunction with the funding, Enrico Petrillo, M.D., Managing Director at Excel Venture Management, joined the company’s board of directors and Caleb Winder, Vice President at Excel, became a board observer.