Monday, September 26, 2016

InstaMed Raises $50M

Newport Beach- and Philadelphia-based InstaMed, which operates a healthcare payment network, says it has raised $50M in an investment form Carrick Capital Partners. The company said the funding goes to accelerate its go-to-market strategy and to its healthcare payments technology. Carrick Capital's Jim Madden will join the company's board as part of the funding, and VP Chris Wenner will become an observer. InstaMed was advised by Cowen and Company in the deal.