What is Practice Fusion?
Founded in 2005 and headquartered in San Francisco, California, Practice Fusion offers a comprehensive cloud-based Electronic Health Record (EHR) platform designed for physicians. The company's technology aims to streamline clinical operations, improve patient engagement, and facilitate data-driven healthcare decisions. By providing an accessible and integrated EHR solution, Practice Fusion supports healthcare providers in navigating the complexities of modern medical practice, enhancing efficiency and the quality of care delivered.
How much funding has Practice Fusion raised?
Practice Fusion has raised a total of $192.9M across 10 funding rounds:
Series A
$5M
Multiple Rounds
$37.2M
Multiple Rounds
$60.7M
Series D
$85.4M
Private Equity
$2.1M
Private Equity
$2.5M
Series A (2009): $5M with participation from Band, Salesforce, Felicis Ventures, and Morgenthaler Private Equity
Series B (2011): $23M led by Glynn Capital, Morgenthaler Private Equity, Founders Fund, Felicis Ventures, and Artis Capital Management
Debt (2011): $8.2M supported by Western Technology Investment, Felicis Ventures, Glynn Capital, SV Angel, Morgenthaler Private Equity, and Founders Fund
Other Financing Round (2011): $6M featuring Auren Hoffman, SV Angel, Ali Partovi, Glynn Capital, Hadi Partovi, and Scott Banister
Unspecified (2012): $2M backed by Ali Partovi, Hadi Partovi, and Jed Stremel
Private Equity (2012): $24.7M, investors not publicly disclosed
Series C (2012): $34M led by SV Angel, Ali Partovi, Glynn Capital, Hadi Partovi, Scott Banister, Auren Hoffman, Band, and Felicis Ventures
Series D (2013): $85.4M supported by Kleiner Perkins Caufield And Byers, Industry Ventures, LLC, Band, Artis Ventures, Deerfield Management Company, LP, Qualcomm Ventures, OrbiMed, and Longitude Capital
Private Equity (2014): $2.1M featuring Kleiner Perkins Caufield & Byers and Artis Ventures
Private Equity (2014): $2.5M, investors not publicly disclosed
Key Investors in Practice Fusion
Western Technology Investment
Western Technology Investment (WTI) specializes in providing venture debt to assist startups in financing their growth while minimizing shareholder dilution. Since its inception in 1980, WTI has supported over 1,400 companies across various innovation sectors, demonstrating a long history of capital provision through diverse economic cycles.
SV Angel
SV Angel is a long-term investment firm dedicated to supporting founders in creating impactful businesses. They prioritize building strong partnerships by advocating for founders and providing essential resources, strategic insights, and a vast network to help companies scale.
Founders Fund
Founders Fund invests in the world's most important and valuable companies across all geographies, sectors and stages. The firm's partners have been founders and early funders of companies including PayPal, SpaceX, Palantir, Anduril, Airbnb, Stripe and Facebook.
What's next for Practice Fusion?
With a history of substantial capital infusions, Practice Fusion is positioned for continued expansion and innovation within the health technology sector. The company's sustained access to significant investment capital, including major enterprise-level funding, suggests a strategic focus on scaling its platform, enhancing its technological capabilities, and potentially expanding its market reach. Future developments are likely to center on further integrating advanced features, leveraging data analytics for improved health outcomes, and solidifying its position as a key player in the digital health landscape.
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