# WebPT

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

- Industry: Healthcare IT
- Headquarters: Phoenix, US
- Website: www.webpt.com/
- Total disclosed funding: $44M
- Latest round: Series A (Jun 19, 2014)
- Investors on record: 2

## About

WebPT, Inc. is a leading provider of software solutions for physical therapy practices, enhancing operational efficiency and improving patient care through innovative electronic medical record systems and practice management tools.Founded in 2006 in Phoenix, US, WebPT, Inc. specializes in providing software solutions for rehabilitation therapists. The company has raised a total of USD 43.00 mn in funding, led by Battery Ventures in its Series A round. WebPT was founded by Heidi Jannenga who has a background in healthcare technology.WebPT offers a comprehensive suite of products including electronic medical records (EMR) solutions designed specifically for physical, occupational, and speech therapy practices. Key features include AI-powered documentation tools, revenue cycle management services, and front office solutions that improve scheduling and patient intake. The company serves a diverse client base across North America, aiming to enhance the operational efficiency and financial performance of rehabilitation facilities.In 2018, WebPT reported a revenue of USD 80.50 mn, primarily through subscription-based models for its software solutions. Revenue is generated from monthly or annual fees for access to its documentation, billing, and practice management tools, alongside additional revenue cycle management services.WebPT is focused on developing new products and enhancing existing offerings to better serve rehabilitation practices. The company is targeting expansion into new markets across North America, leveraging the recent Series A funding of USD 43.00 mn to support these strategic initiatives. Notably, Warburg Pincus has exited all its stakes in WebPT, Inc., although the financial terms of this exit were not disclosed.

## Funding rounds

- Series A, Jun 19, 2014, $43M — Battery Ventures
- Series A, Dec 9, 2010, $1M — Brookstone Venture Capital

## Investors

- Brookstone Venture Capital (https://capitalatlas.ai/funds/brookstone-venture-capital) — Series A
- Battery Ventures (https://capitalatlas.ai/funds/battery-ventures) — Series A