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Wednesday, April 20, 2011

Health informatics provider Humedica brings in $20M

By James Connolly

Boston health informatics company Humedica Inc. has taken in a $20 million equity funding round, bringing the total funding for the two-year-old company to at least $50 million.

Humedica, which provides clinical business intelligence offerings under a software-as-a-service model, reported the funding in a filing with the U.S. Securities and Exchange Commission obtained by Mass High Tech today.

The company says that its service connects patient information across varied medical settings and time periods “to generate a truly longitudinal and comprehensive view of patient care.”

Besides executives, including CEO Michael Weintraub, the SEC filing lists directors William J. Geary of North Bridge Venture Partners, Hemant Taneja of General Catalyst Partners, Jeffrey A. Leerink of Leerink Swann, and James Nahirny of Bain Capital Ventures. All four of those investors participated in a $30 million funding round in 2008.

At that time, Humedica, which didn’t officially launch until September 2009, reported that it had doubled to 50 employees in the past year, and that it would double head count again, to 100 employees, by the end of 2011.

 

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