Kareo Secures $29.5M in Growth Capital

kareo-logo-150x64Kareo Inc., an Irvine, California-based provider of cloud medical office software and services for small medical practices, secured $29.5m in growth capital.

The round was led by Greenspring Associates with participation from OpenView Ventures and Silicon Valley Bank (Nasdaq: SIVB).

The company intends to use the funds to expand its sales and marketing efforts, further enhance its cloud-based software platform, and scale its revenue cycle management operations.

Led by Dan Rodrigues, CEO and founder, Tom Giannulli, MD, Chief Medical Information Officer, Rob Pickell, Chief Marketing Officer, Amyra Rand, Vice President of Sales, David Mitzenmacher, Vice President of Customer Success, and Nitin Somalwar, Vice President of Engineering, Kareo provides a cloud-based medical office software and services platform dedicated to small practices. Its integrated suite of products and services includes Practice Management software, Billing Services, and a free electronic health record solution.



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