Explorys Lands $11,500,000 Series C Financing

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=2a042615-5c99-4c63-b5cc-e04c62b4840e&Preview=1
Date
5/11/2011
Company Name
Explorys
Mailing Address
10000 Cedar Ave. Cleveland, OH 44106
Company Description
Explorys provides a secure cloud-computing platform specialized for the healthcare industry. We empower our customers to accelerate research and product development, while enabling critical measurement for healthcare reform, performance management and protocol safety.
Website
http://www.Explorys.net
Transaction Type
Venture Equity
Transaction Amount
$11,500,000
Transaction Round
Series C
Proceeds Purposes
This round of financing will be used to double the Explorys workforce in 2011 and 2012 and triple the size of its existing server complex as it adds capacity and data centers.
M&A Terms
Venture Investor
Austin Ventures
Venture Investor
Foundation Medical Partners
Venture Investor
Sante Ventures