Kleiner Perkins Leads $70M In Practice Fusion

Posted Sep 24, 2013

Online health records company Practice Fusion has raised $70 million in a Series D round of funding led by Kleiner Perkins Caufield and Byers.  Practice Fusion Practice has raised a total of $134 million.  Practice Fusion will be using the funding to expand to more patients and to enhance clinical research and development.

Existing investors that participated in this round include Artis Ventures, Morgenthaler Ventures, and Felicis Ventures.  New investors OrbiMed Advisors and Deerfield Management Company joined for the Series D as well.

Practice Fusion is used by over 100,000 monthly active medical professionals serving 75 million patients.  The company’s revenue was boosted by 300% since 2012.

?The intent of the company is definitely to bring it to the public market. Over the next few years, the company is really focused on that next goal,? stated Practice Fusion founder and CEO Ryan Howard as quoted by GigaOM.