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Practice Fusion Announces $34 Million in Financing Led by Artis Ventures
Date:6/28/2012

SAN FRANCISCO, June 28, 2012 /PRNewswire/ -- Practice Fusion, America's largest physician-patient community, announced today securing a $34 million Series C round of financing led by Artis Ventures, with participation from long-time investors Felicis Ventures and Band of Angels, as well as Glynn Capital, Ali and Hadi Partovi, Founders Fund, Morgenthaler Ventures, Scott Banister, SV Angel, Ghost Angel, Barton Asset Management, and a number of other institutional and individual investors.

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Launched in 2007, the Electronic Medical Record (EMR) platform now serves more than 150,000 medical providers and 40 million patients. Practice Fusion's free, web-based EMR is available anytime, anywhere. Medical professionals using Practice Fusion have already received over $30M in federal stimulus incentives. EMR technology improves the overall efficiency of medical practices across the US by eliminating paper charts and digitalizing the entire workflow of patient healthcare including charting, scheduling, e-prescribing, referral letters and lab integrations - while also giving patients access to their personal health records.

"One out of four doctors choosing an EMR today chooses Practice Fusion. As a result we have become the largest physician-patient platform in the US," said Ryan Howard CEO and Founder of Practice Fusion. "This investment will accelerate the launch of our patient strategy as well as the company's API platform and allow us to continue to dominate the market."

Key Facts:

  • Practice Fusion's $34 million Series C financing is led by Artis Ventures
  • Additional participants include returning Band of Angels and Felicis
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SOURCE Practice Fusion
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