Modernizing Medicine has closed the first tranche of a $20m round of funding for its electronic medical records system, with Pentland participating as a return investor.
Modernizing Medicine, the US-based creator of a cloud-based electronic medical record (EMR) system, has closed $15m of a projected $20m series D round from investors including brand management firm Pentland Group.
Growth equity investor Summit Partners, which invested $14m in Modernizing Medicine in August 2013, participated alongside Pentland. Modernizing Medicine has now raised just over $55m in total, including $12m from a Pentland-led series B round in 2012.
The company’s Electronic Medical Assistant (EMA) is a cloud-based, speciality-specific EMR system…
