InstaMed raises another $14 million

Tom Paine

InstaMed, the heavily UPenn connected (I mean its management & investors, not the school) healthcare payments processing platform based in Philadelphia, has just announced it has raised another $14 million. The press release did not name any investors, but only said that "the new capital included funding from five funds, including one new fund, and angels" and that more than 90% of previous investors participated.

This will bring the total investment in InstaMed to at least $36 million, according to my figures. It last reported a $5.5 million raise late last year. Investors have included Osage Partners, NJTC Venture Fund, US Bancorp, and Ashby Point Capital. Josh Kopelman was an early investor through his personal Midas Capital fund. See my brief writeup on InstaMed from last year.

InstaMed recently said it had surpassed $30 billion in Healthcare Payments Processed, and projects that it will process $20 billion in 2012 alone.



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News from The Cable Show 5/23/2012: Ramping up Docsis, Conan O'Brien speaks

Does Docsis Have a 10-Gig Future? (Light Reading Cable)

Cable Show 2012: Motorola Envisions 'Whole-World DVR'
Vendor Says an MSO Customer Will Launch Basic Network DVR Trial by End of 2012 (Multichannel News)

Cable Show 2012: Conan O'Brien Evangelizes Social Media, Admires Walt Disney (Hollywood Reporter)

Cable Execs Root for TV Everywhere, But No Timeline on Mass Adoption
From ESPN to Discovery, a Quest to Get Viewers to 'Authenticate' (Ad Age)

Cable Show 2012: NCTA President Praises FCC's Broadband Campaign (Hollywood Reporter)


Comcast Asks FCC to Revoke Boston's New License to Reregulate Rates
FCC's Media Bureau had recertified the city in April (Broadcasting & Cable)

Comcast CEO Roberts not attending The Cable Show (FierceCable)


CableLabs Nears End of CEO Search (Light Reading Cable)

Carlyle's Cable Muscle (Light Reading Mobile)



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Daily Links 5/23/2012: Philadelphia startup RightCare Solutions wins Janssen Prize, receives $100,000 award

EPAM Systems (Newtown) to Acquire Thoughtcorp, Expand North American Footprint, Gain Entrance into Telecommunication Industry and Expand Agile, Business Intelligence, and Mobile Competencies (EPAM Press Release)
Says total price is $17.4 million in cash, stock, and assumption of liabilities.

Google mum on plans for Motorola operation in Horsham (Philly.com: Philly Deals)

Oracle buys Vitrue to hone social marketing chops (Gigaom)

An Ohio startup + $200M = Gigabit broadband for 6 towns (Gigaom)

Dell Drops as Profit, Forecast Miss Estimates on PC Slump (Bloomberg via San Francisco Chronicle)

Analytic Software Wins Janssen Prize to Reduce Hospital Readmissions (Xconomy San Diego)
Philadelphia startup RightCare Solutions receives $100,000 award.

USA Technologies faces second proxy fight in three years (Philly.com: Philly Inc)

Connexin Software Introduces OP Cloud (Business Wire)

Voxware Announces New SAP Certification (Business Wire)

News & Views on SAP's $4.3 billion acquisition of Ariba

SAP buying e-commerce vendor Ariba for $4.3 billion (CIO.com)

SAP Continues Acquisition Binge: Next Bite Is Ariba (ASUG News)

Ariba: Probing on SAP’s New Procurement and Supplier Network “Angel” (Jason Busch/Spend Matters)

SAP bulking up with Ariba. A done deal? (Dennis Howlett/ZDNet Blogs)

Cloud Wars 2012 Continues, SAP buys Ariba ( Michael Fauscette/Enterprise Irregulars)

SAP Buys Ariba – Huh? (Andrew Bartels/Forrester Blogs)



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