Practice Fusion disclosed issuing $2.5 million worth of equity

practice fusion Practice Fusion reported closing its $2.5 million private placement on October 6th. All the unregistered equity securities issued were acquired by one investor. A total of five unregistered securities offerings closed by the company raised an estimated $181.32 million.

Practice Fusion develops and markets a free web-based electronic health record platform which connects doctors, patients and data. According to the company the application is used by a community of more than 112,000 monthly active medical professionals with over 81 million patient records. he company also released a patient-facing application where patients can find and book appointments with doctors and access their medical records. The company is backed by, Founders Fund, Artis Capital Management, Glynn Capital Management, Morgenthaler Ventures, and Felicis Ventures.

The company, headquartered in San Francisco CA, is led by Ryan Howard (President and CEO). Practice Fusion elected to keep its revenues undisclosed.
The executive team includes Robert Park.
The board of directors includes Beth Seidenberg, Cora Tellez and Michael Harden.

The company has raised an estimated total of $183.82 million via private unregistered security offerings.

Offering recap
Status: Completed
Company: Practice Fusion
Industry: Other Health Care
Amount offered: $2.5 million
Amount placed: $2.5 million
First sale: 10-06-2014
Data as of: 10-20-2014

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