Kareo, an Irvine, California-based provider of medical office software for small medical practices, received $15m in mezzanine debt.
Escalate Capital Partners made the investment and joined OpenView Venture Partners, Greenspring Associates, Stripes Group, Silicon Valley Bank and Western Technology Investments.
The company, which has secured a total of $47m in funding in 2014 and $90m since inception, intends to use the funds to expand its reach while accelerating the development of its cloud-based technology.
Led by Dan Rodrigues, founder and CEO, Kareo provider cloud-based medical office software which enables small medical practices to streamline patient engagement, clinical documentation, billing, and other critical administrative processes.
It is currently used by more than 25,000 medical providers.
FinSMEs
24/10/2014