Irvine-based Kareo Inc. said it received a $55.4 million investment.
The maker of cloud-based software for small medical practices said it plans to use the funds to accelerate its product line development and expand market access.
San Francisco-based Montreux Equity Partners led the investment with participation from Silver Lake Partners in Menlo Park and all of Kareo’s existing investors.
Privately held Kareo had about $35.7 million in revenue in the 12 months ended in June 2014, according to Business Journal data. The company does not disclose earnings or other financial data.
