Electronic health records startup QPID Health just landed $12.3 million in Series B funding led by New Leaf Venture Partners, with participation from existing investors Cardinal Partners and Matrix Partners, among others. QPID Health also welcomed New Leaf's Managing Director Philippe Chambon to its board of directors.
The company, which was founded at Massachusetts General Hospital, will put the new capital towards accelerating its growth and gaining wider user of its software, which promotes cost-effective and high quality patient care by making it easy for clinicians to get access to patient data stored in electronic health records.
Chambon of New Leaf Venture Partners painted the challenge that the local startup is trying to tackle in the release: QPID's solution addresses a major challenge for physicians who must access patient information at the point of care. This allows physicians to regain control of their workflow and facilitates their ability to interact with patients. QPID is the clear leader in this space and I am excited to work with the company as they rapidly advance their commercialization efforts.
Last February, QPID raised a Series A round. In 2013, it gained 4,000 active clinical users. In the first quarter of 2014, the startup added another 1,000 users onto its platform, showing some serious traction.
Image via QPID
