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InstaMed Raises $6 Million Fourth Round Funding

Friday, March 20, 2009 5:53:00 AM PDT | VentureDeal Staff
Philadelphia, Pennsylvania  --  Financial services company InstaMed Communications has garnered $6 million in its series D round of institutional venture capital investment.

InstaMed connects healthcare and financial networks through its platform for processing claims, remittance and ACH transactions among other capabilities.

Investors in the round included Osage Ventures, Ashby Point Capital, NJTC Venture Fund and other undisclosed investors. The company did not disclose how the proceeds purposes would be used.

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