Orange County Business Journal

InstaMed Raises Money

Vita Reed Tuesday, May 7, 2013

InstaMed Inc., which has offices in Newport Beach and Philadelphia, said that it raised money in an internal round of funding.

InstaMed processes payments for healthcare services through a network that connects providers, insurers and patients.

The company said in a Securities and Exchange Commission filing that it has so far raised about $2.4 million of a planned $3.5 million offering.

InstaMed was established in 2005 and is privately held; it does not disclose its sales or earnings.