News and Announcements

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Advanced Practice Strategies, Inc. Completes $12M Series C Financing Led by River Cities

Advanced Practice Strategies, Inc. (APS), provider of an e-learning and talent management platform for clinicians, announced today the completion of a $12M Preferred Series C capital raise led by River Cities Capital Funds, a growth equity firm investing in healthcare and IT companies. Incumbent investor Ascension Ventures also participated.

Canvas Is On A Hiring Spree Boosted By Growing International Business

Reston, V.A.-based mobile organization and data analysis cloud software company, Canvas, is expanding. Bolstered by major domestic wireless carrier contracts from Verizon and Sprint, along with international giants Singtel, Telstra, CSL and Globe, Canvas has had over 100 percent YoY growth in revenue, clientele and customer interaction for several years, said CEO James Quigley. Canvas’ success in penetrating the high potential global data digitization market, will now enable the startup of 65 employees to grow its staff by 75-85 percent per year for the next 3 years, Quigley told DC Inno.

EndoChoice raises $57 million in equity financing

EndoChoice announced the close of a $57 million financing. Proceeds will go toward continued expansion of sales and marketing efforts of the Fuse Full Spectrum Endoscopy platform.

Ifbyphone is Now DialogTech, the Global Leader in Call Analytics and Automation

Corporate Rebrand Reinforces Company’s Mission to Help Agencies and Enterprises Unleash the Power of Conversation to Optimize Marketing, Grow Revenue and Increase Customer Loyalty

OrthAlign Appoints Gary D. Henley as Executive Chairman of its Board of Directors

OrthAlign, Inc., a privately held medical device and technology company, announced today that Gary D. Henley, former President, Chief Executive Officer, and Board Member of United Orthopedic Group, will join OrthAlign’s Board of Directors as Executive Chairman.

Success Story: Canvas – SaaS Start-Up

QuartSoft wrote a great article and produced a detailed infographic on the success of our portfolio company, Canvas.

OrthAlign, Inc. Announces Milestone in 25,000th KneeAlign Total Knee Arthroplasty Case

OrthAlign, Inc., a privately held medical device company, today announced that more than 25,000 KneeAlign® Total Knee Arthroplasty (TKA) cases have been successfully completed, worldwide. This milestone reflects the continuing and rapid adoption of OrthAlign’s palm-sized precision alignment technology, by surgeons throughout the world.

Continuity Named One of Connecticut’s 2015 Best Places to Work

Continuity, the compliance automation provider for community financial institutions, has been named to the Hartford Business Journal’s 2015 Best Places to Work in Connecticut list.

Health Integrated: Precision Care Management to Impact Comorbid Patients

More than 75% of U.S. healthcare costs are due to chronic conditions. And approximately 133 million Americans live with at least one chronic disease, a startling number that means nearly one in two adults in the country are managing the stress of a chronic ailment.2 Any effort to control healthcare costs and improve outcomes for patient populations within the United States has to address the very high incidence of chronic diseases. One of the major challenges confronting healthcare practitioners is overcoming patient noncompliance with treatment plans due to comorbid conditions often of a psychosocial nature.

Canvas Announces $9 Million Investment from River Cities Capital Funds and Osage Venture Partners

River Cities led a $9 million investment in Canvas, the global leader in mobile apps for collecting and sharing business information.

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