Modernizing Medicine
Latest round
- Series F
Last raised
- May 2017
Total raised
- $294M
Investors
- 5
About Modernizing Medicine
Based in the US, Modernizing Medicine, Inc.Modernizing Medicine, Inc. is focused on developing EHR solutions tailored for specialty medical practices. Founded in 2010 and headquartered in Boca Raton, US, the company has concluded a total of 11 deals, with the most recent deal occurring on March 3, 2025. The CEO team comprises Daniel Cane, Joe Rubinsztain, and Ranjan Sachdev.ModMed® provides a comprehensive suite of cloud-based Electronic Health Record (EHR) solutions tailored for specialty medical practices. Their flagship product, the Electronic Medical Assistant® (EMA®), integrates clinical and administrative workflows to streamline patient care and enhance operational efficiency. The company’s offerings cater to various specialties, including dermatology, gastroenterology, orthopedics, and urology. Key features include AI-powered documentation tools like ModMed Scribe, which assist clinicians in efficiently capturing visit notes, and automated analytics that help practices make informed decisions based on real-time data.ModMed generates revenue primarily through subscription-based models for its cloud-based EHR and practice management solutions. Clients typically enter annual or multi-year contracts that provide access to a variety of services including clinical documentation, patient communication, and revenue cycle management, tailored for their specific medical specialty. The pricing structure accommodates various practice sizes, ensuring scalability as client needs evolve. Transactions are handled directly between ModMed and its clients, fostering a B2B relationship that emphasizes long-term partnerships.In March 2025, Clearlake Capital Group acquired a majority stake in Modernizing Medicine, Inc. from Warburg Pincus. This acquisition enables the company to enhance its business offerings. Future growth strategies include the development of new products and solutions aimed at expanding their EHR capabilities and enhancing user experience. The company is also targeting expansion into new geographical markets, although specific regions have not been disclosed.
Who invested in Modernizing Medicine
5 investors across 5 rounds
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Questions about Modernizing Medicine
Who invested in Modernizing Medicine?
Modernizing Medicine has 5 investors on record across 5 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Modernizing Medicine raised?
Modernizing Medicine has raised 5 venture rounds. Sign up free to see how much each round raised and the total.
When did Modernizing Medicine last raise money?
Modernizing Medicine's most recent round on record is a Series F, in May 2017.
What does Modernizing Medicine do?
Based in the US, Modernizing Medicine, Inc.
Where is Modernizing Medicine headquartered?
Modernizing Medicine is headquartered in Boca Raton, US.
Which VCs invest in companies like Modernizing Medicine?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back healthcare it companies at Modernizing Medicine's stage. Their profiles are linked below.
VCs backing healthcare it startups at Series F
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