Fenwick & West LLP represented Kareo, Inc., a leading provider of cloud-based medical office software and services for small medical practices, in securing $29.5 million growth capital financing. The financing was led by Greenspring Associates and joined by OpenView Ventures and Silicon Valley Bank.
The new capital will be used to invest in sales and marketing to accelerate growth, further enhance the company’s cloud-based software platform, and scale its revenue cycle management operations. More information about Kareo’s $29.5M growth capital financing can be obtained from the company press release.
The Fenwick transaction team was led by corporate partners Mark Stevens and Michael Brown; and corporate associate Daniel Parames.