InstaMed Gets More Funding

Newport Beach- and Philadelphia-based InstaMed, which operates an online electronic payment clearinghouse for the healthcare industry, said today that it has raised an internal round of funding. Size of the round was not announced. The firm said the funding came from its existing investors, and will go towards growth of its customer base. InstaMed is headed by Bill Marvin; the firm has formerly announced such backers as Ashby Point Capital and Osage Ventures, but it's unclear if those firms were included in this latest funding round. More information »