Irvine-based Kareo Inc. said today that it received $15 million in mezzanine debt financing, bringing its total capital raised this year to $47 million.
Kareo provides cloud-based billing and practice management software over the Internet for small medical practices. The company said it would use the funding to further expand its reach within its current market.
Austin, Texas-based Escalate Capital Partners led the investment. Escalate invests in high-growth companies in the technology, healthcare and software-as-a-service industries.
