What is CareCloud?
CareCloud is a healthcare information technology company dedicated to empowering medical groups. Its comprehensive software and services are designed to enhance revenue cycles, optimize operational workflows, and facilitate the modernization of patient experiences. Headquartered in Somerset, NJ, CareCloud aims to be a pivotal technology partner for healthcare providers navigating the complexities of the modern medical environment.
How much funding has CareCloud raised?
CareCloud has raised a total of $129.4M across 7 funding rounds:
Angel/Seed
$2.3M
Angel/Seed
$5M
Series A
$20.1M
Series B
$20M
Debt
$25.5M
Series C
$31.5M
Debt
$25M
Angel/Seed (2010): $2.3M, investors not publicly disclosed
Angel/Seed (2010): $5M, investors not publicly disclosed
Series A (2011): $20.1M supported by Intel Capital
Series B (2013): $20M featuring Norwest Venture Partners, Tenaya Capital, and Intel Capital
Debt (2014): $25.5M backed by Hercules Capital
Series C (2016): $31.5M with participation from Adams Street Partners, Tenaya Capital, Blue Cloud Ventures, Norwest Venture Partners, and Intel Capital
Debt (2023): $25M led by Silicon Valley Bank
Key Investors in CareCloud
Intel Capital
Intel Capital, a division of Intel, invests in innovative startups targeting artificial intelligence, autonomous vehicles, datacenter, Cloud, 5G, and next-generation compute. They are known for curating business development introductions and are headquartered in Santa Clara, California.
Norwest Venture Partners
Norwest Venture Partners is a global, multi-stage venture capital and growth equity investment firm founded in 1961. They are headquartered in Palo Alto, California, with additional offices in India and Israel.
Adams Street Partners
Adams Street Partners, established in 1972, provides investment management services in private markets globally. Their headquarters are located in Chicago, Illinois.
What's next for CareCloud?
The substantial enterprise-level funding secured by CareCloud, including its recent major strategic investment, positions the company for accelerated expansion and innovation. This capital infusion is expected to fuel advancements in its core offerings, potentially enabling the development of new features, the enhancement of existing platforms, and the broadening of its market reach. The company's trajectory suggests a focus on solidifying its role as a leader in healthcare IT solutions, driving efficiency and improving patient care through technology.
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