US-based healthcare IT company Carecloud closed a series A round of funding on Tuesday worth $20.1m, led by corporate venturing unit Intel Capital with investment firm Norwest Venture Partners also participating. The figure includes the conversion of $3.8m from debt to equity.
Carecloud previously raised more than $7.3m over two seed rounds in 2010, garnering investment from several unnamed angel investors. It provides applications which unify clinical, financial and administrative management into a single cloud computing platform.
Lisa Lambert, vice…
