Kareo raises $29.5 million in funding

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Kareo is an Irvine based healthcare software company that has raised $29.5 million in VC funding. The funding will go towards sales, marketing, and overall growth.
Kareo offers cloud-based medical software and services to small practices. Some of their products includes billing and medical practice management services.

This round of funding was led by Greenspring Associates. Other investors that participated in this round include OpenView Venture Partners and Silicon Valley Bank.

Kareo has raised over $80 million since being founded in 2004. The company received $26 million in 2013.

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