What is Practice Fusion?
Founded in 2005 and headquartered in San Francisco, Practice Fusion provides a robust, cloud-based ambulatory electronic health record (EHR) platform designed to streamline clinical workflows for physicians. By digitizing patient records and integrating essential practice management tools, the company occupies a pivotal position in the healthcare technology landscape. Its market position is defined by a commitment to accessibility and interoperability, enabling medical professionals to improve patient outcomes through data-driven insights and efficient administrative management.
How much funding has Practice Fusion raised?
Practice Fusion has raised a total of $192.9M across 10 funding rounds:
Series A
$5M
Multiple Rounds
$37.2M
Multiple Rounds
$60.7M
Series D
$85.4M
Private Equity
$2.1M
Private Equity
$2.5M
Series A (2009): $5M with participation from Morgenthaler Private Equity, Band of Angels, Salesforce, and Felicis Ventures
Series B (2011): $23M led by Felicis Ventures, Founders Fund, Glynn Capital, Morgenthaler Private Equity, and Artis Capital Management
Debt (2011): $8.2M supported by Morgenthaler Private Equity, Felicis Ventures, Western Technology Investment, Glynn Capital, SV Angel, and Founders Fund
Other Financing Round (2011): $6M featuring Auren Hoffman, SV Angel, Hadi Partovi, Scott Banister, Ali Partovi, and Glynn Capital
Unspecified (2012): $2M backed by Ali Partovi, Jed Stremel, and Hadi Partovi
Private Equity (2012): $24.7M, investors not publicly disclosed
Series C (2012): $34M led by Ali Partovi, Glynn Capital, Hadi Partovi, Scott Banister, Felicis Ventures, Auren Hoffman, Band of Angels, and SV Angel
Series D (2013): $85.4M supported by Industry Ventures, LLC, Deerfield Management Company, LP, Qualcomm Ventures, Band of Angels, Artis Ventures, Kleiner Perkins Caufield And Byers, OrbiMed, and Longitude Capital
Private Equity (2014): $2.1M featuring Artis Ventures and Kleiner Perkins Caufield & Byers
Private Equity (2014): $2.5M, investors not publicly disclosed
Key Investors in Practice Fusion
Founders Fund
A prominent venture capital firm that invests in transformative companies across all stages, known for backing industry-defining organizations like SpaceX and Facebook.
Kleiner Perkins Caufield & Byers
A legendary Menlo Park-based venture capital firm that provides early and growth-stage support to technology and life science companies through IPO.
Qualcomm Ventures
The investment arm of Qualcomm Incorporated, focusing on advanced semiconductor technologies and intelligent computing platforms that drive global connectivity.
What's next for Practice Fusion?
Looking ahead, the strategic deployment of $192.9M positions Practice Fusion to further solidify its market share and enhance its technological stack. Given the current lifecycle stage, the focus is likely to shift toward deepening integration with broader healthcare networks and optimizing the platform for advanced data analytics. As the industry moves toward more interconnected care models, the company is well-positioned to leverage its existing infrastructure to drive innovation in patient engagement and clinical decision support, ensuring long-term viability in an increasingly digitized healthcare environment.
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