Electronic medical records management company Practice Fusion has made its first acquisition, scooping up 100Plus for an undisclosed amount. 100Plus, which was launched in Practice Fusion’s health tech incubator in San Francisco, previously raised $1.25 million in seed-stage funding from Founders Fund (which is also a Practice Fusion investor), Greylock Discovery Fund, Felicis Ventures (another Practice Fusion investor) and the Band of Angels. 100Plus was co-founded by CEO Chris Hogg, a health care data analytics expert formerly with Gilead Sciences, who will join Practice Fusion’s data and product development group.
You are browsing the archive for Band of Angels - peHUB.
Practice Fusion, which operates an electronic medical record platform for 150,000 medical providers, has raised a $34 million Series C round of funding led by Artis Ventures. Other investors in the round include Felicis Ventures, Band of Angels, Founders Fund, Morgenthaler Ventures and SV Angel. among other institutional and individual investors. The company says it has now raised $64 million in total funding since it was launched in 2007.
After bringing you two slideshows that focused on the best-performing funds backed by the University of Texas Management Co., it’s time to “keep it real” by sharing the biggest losers.
(PeHUB subscribers can see our two previous slideshows here: UTIMCO in 17 Active Funds with IRRs > 25%, Union Square, Other Early Stage Tech VCs Kick Ass for UTIMCO.)
We took a look at returns for all of UTIMCO’s active funds and found 10 that were at least a decade old and had negative internal rates of return as of May 31. The university pension fund invested a total of $176.2 million in those vehicles. In return, UTIMCO has received cash distributions of just $55.7 million (or less than one-third of what it put in). And it has no hope …
Everloop, the online social network for kids under the age of 13, has closed on $3.1 million in new financing from investors including vFormation; Silicon Valley-based Band of Angels; Envoi Ventures; and individual investors Richard Chino, Wayne Goodrich and Deena Burnett-Bailey. Everloop provides music, social games, videos, photos, animation, user-generated content and other integrated online experiences for kids.
OncoHealth Corp., the developer of HPV diagnostics and treatments, raised $1.6 million in what it called an oversubscribed round from investors including Band of Angels, Emergent Medical Partners, Halo Fund, Tech Coast Angels, The Angels Forum, and Wilmington Investor Network. Sand Hill Angels and Life Science Angels anchored the round.