Casenet Nabs $2M Debt Deal

Casenet, a Bedford, MA-based provider of health management software, has raised $2 million in a debt and rights financing, according to an SEC filing. The company previously raised $5 million in a similar debt financing in May 2009 and a $7.5 million Series B round led by HLM Venture Partners in Boston in November 2007. Its other previous investors include Sigma Partners, which has offices in Boston and Silicon Valley, and Aurora Funds, of Durham, NC. Kevin Brown, Casenet’s CEO, was not immediately available at his office this morning.

Author: Ryan McBride

Ryan is an award-winning business journalist who contributes to our life sciences and technology coverage. He was previously a staff writer for Mass High Tech, a Boston business and technology newspaper, where he and his colleagues won a national business journalism award from the Society of American Business Editors and Writers in 2008. In recent years, he has made regular TV appearances on New England Cable News. Prior to MHT, Ryan covered the life sciences, technology, and energy sectors for Providence Business News. He graduated with honors from the University of Rhode Island in 2001 with a bachelor’s degree in communications. When he’s not chasing down news, Ryan enjoys mountain biking and skiing in his home state of Vermont.