Irvine-based Alteer Corporation announced last week that it has raised $16.5M in funding from MedVenture Associates, Sanderling Ventures, and existing investor Skyline Ventures. Alteer is developing software for managing medical practices. The company targets small and mid-sized physician practices in the U.S. with a workflow solution for medical practices. The company said that the funding would allow it to continue to meet market needs. Alteer reports that it has over 1600 providers installed and services 3.2 million patients. More information »