# InstaMed Communications

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/instamed-communications

- Industry: Software
- Headquarters: Philadelphia, US
- Website: www.instamed.com
- Total disclosed funding: $7.3M
- Latest round: Series C (Apr 27, 2007)
- Investors on record: 3

## About

Founded in 2004 and based in Pennsylvania, US, InstaMed Communications, LLC, formerly known as InstaMed Holdings Inc., a wholly owned subsidiary of JPMorgan Chase Bank, operates as a provider of cloud-based healthcare payment platforms which help to connect providers, payers, patients, and developers.

Bill Marvin (CEO) and Chris Seib are the co-founders of the company. In September 2016, InstaMed Communications, LLC raised USD 50 million in venture funding from Carrick Capital Partners, and in August 2017, InstaMed Communications, LLC raised venture debt funding from Bridge Bank.

The company offers a healthcare payment experience by connecting consumers, providers, and payers for every healthcare payment transaction. The firm's private cloud-based solution securely improves healthcare payments by driving electronic transactions, processing payments, and transporting healthcare data.

InstaMed provides services such as revenue cycle optimization, clearinghouse, and payment solutions; member engagement with healthcare payments; and payment integration with practice management or electronic health record systems.

## Funding rounds

- Series C, Apr 27, 2007, $6.5M — U.S. Bancorp, Tech Council Ventures
- Angel, May 1, 2005, $0.8M — Ben Franklin Technology Partners

## Investors

- Ben Franklin Technology Partners (https://capitalatlas.ai/funds/ben-franklin-technology-partners) — Angel
- U.S. Bancorp — Series C
- Tech Council Ventures (https://capitalatlas.ai/funds/tech-council-ventures) — Series C