Practice Fusion, a US-based electronic medical records management company backed with $64m of venture capital, has acquired one of its incubator’s portfolio companies.
Practice Fusion paid an undisclosed amount for 100Plus, which provides applications on alcohol consumption and its impact on health.
100Plus had raised $1.25m in its seed round after incubation from a consortium that included venture capital firms Founders Fund, Band of Angels’ Acorn Fund and Felicis Ventures that have backed Practice Fusion, as well as Greylock Partners’ Discovery Fund.
In June, Practice Fusion raised $34m in its series C round led by Artis Ventures, with participation from Felicis Ventures and Band of Angels, as well as Glynn Capital, Ali and Hadi Partovi, Founders Fund, Morgenthaler Ventures, Scott Banister, SV Angel, Ghost Angel, Barton Asset Management, and a number of other institutional and individual investors.
The company closed a $23m B round led by Founders Fund in 2011.