InstaMed: Another $15 million raised; total now $77 million, according to Crunchbase

Tom Paine

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InstaMed, the Philadelphia-based healthcare payments platform, has raises another $15 million, the company announced yesterday.

I haven't keep count of all their financing events, but Crunchbase (which isn't always completely accurate), puts InstaMed's total raised now at $77.2 million in 15 rounds from 5 investors. As has been the case recently, InstaMed didn't name investors in this round, only to say that existing and new investors were in it. InstaMed says it is supported by a broad investor base, including four funds and four publicly traded companies. Osage Partners and Ashby Point Capital are two of them. Josh Kopelman was an early investor, as an individual. InstaMed only said that it "will deploy the new capital to meet the increasing demands of healthcare consumerism."

InstaMed says it proceesses more than $10 billion in healthcare payments a year. Earlier this year it launched a mobile app, InstaMed Go. Bill Marvin is InstaMed's CEO, and its
executive ranks and investor group have a heavy Penn orientation.

InstaMed calls Philadelphia its headquarters, and has another major office in Newport Beach. There are 108 InstaMed employees on LinkedIn, including 72 in Philadelphia.

Links 9/25/2014: Workday, Foundation introduce higher ed recruitment packages on same day; Salesforce's in conjunction with local firm

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Big news., the Salesforce1 platform-based and financial suite, is becoming an important player in the finance app cloud market.

UPDATE 2-Vista Equity, Thoma Bravo vie for TIBCO Software -sources (Reuters)
TIBCO in the past had been frequently rumored to be a SAP acquisition target. However, it has fallen off a growth track recently and is considered more of a PE play now. But its
Spotfire product line, which competes against Qlik and Tableau, remains a source of
considerable interest.

Apple Pay's tokenization has parallel significance for B2B, SAP says (FierceFinanceIT)

Workday Student Debuts With Higher-Ed Recruiting (Information Week) Foundation Announces Salesforce1 for Higher Ed (MarketWatch)
Teams up with roundCorner, which is partially based in Villanova. Same day as Workday
a coincidence?

Andreessen goes on epic tweet storm, advises tech community to “worry” (PE Hub)