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Kareo pulls in $55.4 mln in Montreux-led round

Irvine, California-based Kareo, a cloud-based solutions provider for independent medical practices, has raised $55.4 million in funding. Montreux Equity Partners led the round with participation from other investors that included Silver Lake Waterman and all of Kareo’s existing investors. 

Kareo, Health Care Software Co., Secures $9.5M Total

A provider of Web-based medical billing software for doctors, Kareo Inc., has secured an investment from Boston venture shop OpenView Venture Partners. Along with an earlier investment, OpenView Venture Partners has now backed Kareo to the tune of $9.5 million altogether. Principal Adam Marcus of OpenVeiw Venture Partners has joined the board of Kareo.

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