CareCloud

company

About

CareCloud, Inc., formerly MTBC, provides cloud-based technology-enabled software and services for medical practices in the US.

  • 1001 - 5000

Details

Last Funding Type
Debt Financing
Last Funding Money Raised
$25.50M
Industries
Cloud Computing,Electronic Health Record (EHR),Health Care,Information Technology
Founded date
Jan 1, 1999
Number Of Employee
1001 - 5000
Operating Status
Active

CareCloud provides cloud-based revenue cycle management (RCM), practice management (PM), electronic health record (EHR), and patient engagement solutions for medical groups. It helps clients increase profitability, streamline workflow, and improve patient care nationwide.

They provide a suite of apps that make data, and insights from that data, actionable in real-time. The company's data-driven tools make sense of the complex financial, administration, and outcomes components essential to providing and demonstrating value and achieving satisfaction.

The company currently manages more than $4 billion in annualized accounts receivable on its integrated clinical and financial platform.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
5
$112.10M
CareCloud has raised a total of $112.10M in funding over 2 rounds. Their latest funding was raised on Nov 15, 2016 from a Post-IPO Equity round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Nov 15, 2016 Post-IPO Equity $31.50M 1 Detail
Apr 23, 2015 Post-IPO Equity $15M 1 Detail
Jun 26, 2014 Debt Financing $25.50M 1 Detail
Jun 18, 2013 Series B $20M 1 Detail
Sep 26, 2011 Series A $20.10M 1 Detail

Investors

Number of Lead Investors
Number of Investors
2
CareCloud is funded by 2 investors. Norwest Venture Partners and Hercules Capital are the most recent investors.
Investor Name Lead Investor Funding Round
Norwest Venture Partners Post-IPO Equity
Hercules Capital Debt Financing