Elation Health, a health IT startup that developed an electronic health record platform aimed at primary care physician-led practices and outpatient care, has closed a $15 million Series B round. It’s the largest financing round the company has raised to date, bringing its total funding to $18.5 million.
Kyna Fong, the CEO and co-founder, said in a phone interview that Elation Health, formerly known as ElationEMR, would use the new funding to double its 40-person business in the next 12 months. Fong added that the staff increase would be across the board, but particularly in product development.
Among the investors who took part in the series B were DFJ, which led the round, along with angel investors Martha Marsh, former president and CEO of Stanford Hospital and Clinics, and Charlie Cheever — co-founder of Quora and a former Facebook software engineering manager who was the architect of Facebook Connect and Facebook Platform. DFJ has invested in a variety of digital heath and life science companies from Livongo to Theranos. For the full article click here
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