PatientPop, a US-based patient management technology producer backed by cloud healthcare software provider Athenahealth, received $50m in a series C round led by venture capital firm HLM Venture Partners on Tuesday.
The round included Commonfund, Silicon Valley Bank (SVB), Toba Capital, Transformation Capital and Vivo Capital. Jonathan Bush, co-founder and former CEO of Athenahealth, has joined PatientPop’s board of directors alongside HLM partner Steve Tolle and Vivo Capital principal Nathan Dau.
PatientPop provides a software tool that automates and digitises healthcare services including teleconsultation, appointment booking and patient follow-ups. Medical professionals can also build an online presence through the platform to attract more patients to their practice.
The company will use the series C cash to ramp up its digital and remote healthcare offerings in a bid to tackle the ongoing Covid-19 public health crisis. It secured an undisclosed amount from Transformation Capital (then Leerink Transformation Partners), SVB and Toba Capital in late 2018 that took its total funding to $75m.
The 2018 round followed a $20.5m series A round closed in 2016. Toba Capital led the $10m first tranche in late 2015 and returned to lead a $10.5m second tranche also featuring Athenahealth and SVB the following year.
A regulatory filing indicates PatientPop had previously raised roughly $1.9m from undisclosed backers earlier in 2015.
