# Kareo

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/kareo

- Industry: Healthcare IT
- Headquarters: Irvine, US
- Website: www.kareo.com
- Total disclosed funding: $78M
- Latest round: Series G (Apr 30, 2015)
- Investors on record: 7

## About

Kareo, Inc. specializes in providing healthcare technology solutions, focusing on the integration of electronic health records and practice management tools to streamline operations for independent healthcare providers.Kareo, Inc. was founded in 2004 in Irvine, US, and offers solutions for healthcare providers. The company has raised a total of USD 9.90 mn in funding, with the most recent deal taking place on September 24, 2018. The founders include Parvaze Bashir, Roberta Engel, and Tom Fitzpatrick, while Ahmed Mujtaba currently serves as the CEO.Kareo's core offering is its EHR+ platform, which combines electronic health record (EHR) solutions with practice management tools, specifically designed for independent healthcare providers. The platform enhances patient care by improving workflows and maximizing revenue through efficient billing. It caters to over 150,000 providers across the United States and features AI-driven functionalities for documentation, scheduling, and patient communication, addressing unique challenges in the healthcare sector.Kareo generates revenue primarily through subscription models for its EHR+ platform, allowing healthcare practices access to integrated tools for care delivery and patient engagement. Clients typically engage under structured agreements with monthly or annual payment plans. The pricing structure accommodates the varying needs of practices, ensuring compliance with industry regulations and optimizing workflows.Kareo plans to utilize its recent funding of USD 9.90 mn raised in October 2018 to enhance its platform and develop new products tailored for healthcare providers. The company aims to expand into additional geographic markets, focusing on regions that have shown potential for growth in healthcare technology adoption. Specific timelines for these initiatives will be outlined as the company progresses.

## Funding rounds

- Series G, Apr 30, 2015, $40M — Silver Lake, Greenspring Associates, Montreux Equity Partners, OpenView, Stripes
- Series F, Jul 16, 2013, $5.5M — Western Technology Investment, OpenView
- Series F, Jan 22, 2013, $21M — Western Technology Investment, Stripes
- Series E, Oct 5, 2011, $10M — Greenspring Associates, Western Technology Investment, OpenView
- Series C, Jul 1, 2010, $1.4M — OpenView, Minor Ventures

## Investors

- OpenView (https://capitalatlas.ai/funds/openview) — Series C, Series E, Series F, Series G
- Minor Ventures — Series C
- Greenspring Associates (https://capitalatlas.ai/funds/greenspring-associates) — Series E, Series G
- Western Technology Investment (https://capitalatlas.ai/funds/western-technology-investment) — Series E, Series F
- Stripes (https://capitalatlas.ai/funds/stripes) — Series F, Series G
- Silver Lake (https://capitalatlas.ai/funds/silver-lake) — Series G
- Montreux Equity Partners (https://capitalatlas.ai/funds/montreux-equity-partners) — Series G