What is Practice Better?
Practice Better offers a comprehensive software solution designed to streamline operations for health and wellness professionals globally. The platform facilitates the processing of hundreds of millions in annual payments for its clientele, demonstrating its critical infrastructure role. The company's strong brand and community are evidenced by significant organic growth driven by word-of-mouth referrals, positioning it for sustained expansion in the burgeoning wellness technology sector.
How much funding has Practice Better raised?
Practice Better has raised a total of $40M across 2 funding rounds:
Private Equity
$27M
Private Equity
$13M
Private Equity (2023): $27M with participation from Five Elms Capital
Private Equity (2024): $13M led by CIBC INNOVATION BANKING
Key Investors in Practice Better
Five Elms Capital
Five Elms Capital is a leading software investment firm focused on partnering with passionate B2B software founders. They provide flexible capital solutions to support growth and operational value creation.
CIBC INNOVATION BANKING
CIBC Innovation Banking is a financial institution that provides credit cards, lending, and investments. It is based in Toronto, Canada, and supports technology companies.
What's next for Practice Better?
The recent major strategic investment signals Practice Better's readiness for its next phase of scaling and market penetration. This influx of capital is expected to fuel further product development, enhance customer support capabilities, and potentially expand its global reach. The company's established position and strong referral base suggest a strategic focus on solidifying its market leadership and exploring new avenues for innovation within the health and wellness technology landscape.
See full Practice Better company page
