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Allocade Accepts $5 Million Venture Capital Investment

Monday, March 29, 2010 5:38:00 AM PDT | VentureDeal Staff

Menlo Park, California  --  Healthcare software company Allocade has raised $5 million in a new round of institutional venture capital financing.

Allocade has developed hospital service scheduling software to help service providers more effectively manage patient flow logistics.

VantagePoint Venture Partners made the investment.  The company said it would use the funding to scale its operations.

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