November 15, 2016

Written by Brian Gormley

CareCloud Corp., which provides cloud-based software to medical practices, has raised $31.5 million to capitalize on a marketplace that will see patients take on greater responsibility for paying for medical care. New investor Blue Cloud Ventures led the Series C round, with participation from First Data Corp. and PNC Financial Services Group. Returning investors included Adams Street Partners, Intel Capital, Norwest Venture Partners and Tenaya Capital also participated.

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