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Kareo Nets $5 Million New Venture Capital Financing

Tuesday, September 14, 2010 5:36:00 AM PDT | VentureDeal Staff

Irvine, California  --  Software development company Kareo has raised $5 million in additional venture capital investment.

Kareo has created what it calls "the first on-demand revenue cycle automation software for medical billing companies."

OpenView Venture Partners made the investment. The company said it would use the funding proceeds for a variety of corporate purposes.

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