Kareo Gets $15M Debt Funding

Irvine-based Kareo, which provides cloud-based, medical office software, said Friday that it has raised $15M in a mezzanine debt funding round. The funding came from Escalate Capital Partners. The company said the new funding brings its total raised to $47M in 2014. Terms of the new funding were not announced. Kareo, which is led by Dan Rodrigues and which targets small medical practices, said the new funding goes towards expanding its reach and development of its technology.