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Greylock, Heritage back $10m round for medical patient payment platform Simplee

25 Sep 2013

medical monitor 5The Israel arm of venture capital firm Greylock Partners has reaffirmed its commitment to cloud-based medical patient payment platform Simplee through a $10m Series B round.

Nashville venture capital firm Heritage Group led the round with support from The Social+Capital Partnership and Greylock IL.

Paul Wallace, a managing director at Heritage Group, has joined Simplee’s board of directors as part of the financing deal.

He said, “At Heritage Group, we focus on identifying innovative solutions to critical issues faced by our strategic investors.

“Rising patient responsibility is a significant challenge for many of our large hospital investors.

“The Simplee team is applying unique consumer engagement capabilities and deep technology expertise to generate impressive results.

“We are seeing strong demand for their solutions, and are excited about working together to build a market leading company.”

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