Medfusion raises $3M from two Durham venture capital firms
Cary-based Medfusion announced Tuesday that it has raised $3 million in funding from two Durham venture capital firms.
Bull City Venture Partners and Hatteras Venture Partners made the investment. David Jones, a general partner with Bull City, and John Crumpler, a general partner with Hatteras, have also joined Medfusion’s board.
Medfusion’s patient portal technology enables patients to make appointments, pay their bills, request prescription refills, complete medical forms, review lab results and perform other tasks over the Internet. The privately-held company, which has about 100 employees, says its portal connects more than 11 million patients to their healthcare providers.
Steve Malik, Medfusion’s founder and now its executive chairman, sold the company in 2010 to Intuit for $91 million but later bought it back for an undisclosed sum in August 2013.
Malik said in a statement that the company’s new investors’ “experience working at the intersection of the software, healthcare and life sciences industries will help Medfusion accelerate our goal of using technology to make healthcare easier for everyone.”
David Bracken: 919-829-4548, @brackendavid
This story was originally published September 1, 2015 at 10:06 AM with the headline "Medfusion raises $3M from two Durham venture capital firms."