MedVentive raises $7.25M in third round of VC funding - Waltham, MA

MedVentive, the leading provider of integrated performance management solutions for health plans and providers, is pleased to announce the next phase of its growth will be fueled by a new Series C $7.25M investment. New investor, Excel Venture Management, a premier investment partner in the healthcare industry, co‐led the round with existing investor HLM Venture Partners, and Long River Ventures also participated in this round. Enrico Petrillo, M.D., Managing Director at Excel Venture Management, will join the Company’s Board of Directors and Caleb Winder, Vice President at Excel will be a Board Observer.

http://www.medventive.com/pdf/pr_MedVentiveReceivesSeriesCFunding.pdf