DocuTAP Secures $11.9 Million in Series B Funding Led by

New Post Public Reply Private Reply Replies (0) Message Board
News Desk 2018
DocuTAP Secures $11.9 Million in Series B Funding Led by Bessemer Venture Partners

SIOUX FALLS, SD--(Marketwired - May 2, 2013) - DocuTAP, a Sioux Falls, South Dakota-based provider of an integrated EHR (electronic health records) and practice management technology for urgent care providers, announced today it has raised $11.9 million in Series B funding from global venture capital firm Bessemer Venture Partners (BVP). DocuTAP's existing financial partner, Bluff Point Associates (BPA), also participated in the round. DocuTAP will use the proceeds to increase their market presence, accelerate sales, and bolster their technology in the fast-growing urgent care marketplace. DocuTAP has already experienced tremendous growth over the past twelve months and has tripled its workforce to better support and develop its platform and services.

Founded in 2000, DocuTAP offers EHR and practice management software to digitalize urgent care clinic processes, removing the need for manual paper documentation by administrators, nurses, and physicians. DocuTAP's distinguishing feature is its easy-to-implement, web-based platform which can be used directly on mobile tablets. Streamlining patient care and physician efficiency, DocuTAP offers customizable templates, automated analytics, and valuable reporting information. DocuTAP also offers convenient revenue cycle services for billing and collections.

"The DocuTAP team and I are excited to welcome Bessemer to the family," said Eric McDonald, Founder and CEO of DocuTAP. "Bessemer has a proven track record of working with fast growing technology companies that are both innovators and leaders in their respective fields. This funding is a testament to our company's commitment to client success and passion for delivering innovative healthcare solutions."

"Urgent care is one of the fastest growing sectors within the healthcare marketplace and we are excited to be investing in DocuTAP, the leading EHR and practice management platforms serving the urgent care market," said Steve Kraus, partner at Bessemer Venture Partners. "Bessemer's history of successfully investing in both vertical SaaS solutions and healthcare companies gives us the unique knowledge and expertise to help Eric and the DocuTAP team to continue to build on the platform."

About DocuTAP

DocuTAP provides urgent care practices with an innovative approach to workflow management. Its flagship product, DocuTAP's EHR and Practice Management software, fully integrates practice management and electronic medical records capabilities in one complete system. DocuTAP software features automated and customizable tools that enhance healthcare providers' ability to deliver and manage patient care. Our experienced, knowledgeable staff is committed to improving the delivery of high-quality healthcare. For more information, call (877) 697-4696 or visit www.docutap.com .

About Bessemer Venture Partners With $4.0 billion under management, Bessemer Venture Partners (BVP) is a global venture capital firm with offices in Silicon Valley, Cambridge, Mass., New York, Mumbai, Bangalore and Herzliya, Israel. BVP delivers a broad platform in venture capital spanning industries, geographies, and stages of company growth. From Staples to Skype, VeriSign to Yelp, LinkedIn to Pinterest , BVP has helped incubate and support companies that have anchored significant shifts in the economy. More than 100 BVP-funded companies have gone public on exchanges in North America, Europe and Asia. See www.bvp.com or follow BVP on Twitter: @bessemervp

About Bluff Point Associates

Bluff Point Associates is a private equity firm based in Westport, Connecticut. Bluff Point actively invests in information services companies supporting the banking, trust, securities, retirement and wealth management sectors of the financial services industry, as well as the healthcare information services sector. Bluff Point's team collectively has decades of experience in recognizing a company's growth potential and working with its management to reach that potential. For more information, visit www.bluffpt.com/ .

Media Contacts: Dusty Schroeder DocuTAP 877-697-4696 ext. 8066 Ashley Gagnier Bessemer Venture Partners 914-833-5357

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Omega Point's MCP Secures Anthropic Verification

Updated Category News Views 0

In a world where investment decisions ride on razor-thin margins, Omega Point's MCP gains top-tier verification. Anthropic's seal of approval is stamped firmly on it, signalling to the wise investors out there that this engine ain't smoking mirrors. Since May, this player has been doing the rounds, but now, with Anthropic’s verification, it’s like Omega Point just...

Continue Reading
A1 Refrigeration Keeps East Texas Homes Comfortable Year-Round

Updated Category News Views 0

Homeowners in East Texas would agree: the last thing you want is your HVAC system throwing a tantrum when you're in the thick of a scorching summer or a biting winter. That's where A1 Refrigeration & Air Conditioning steps in, making sure folks in Jasper, Brookeland, and Kirbyville aren't left sweating bullets or shivering in their boots. Preventive Maintenance: A...

Continue Reading
Home Buying: Unmasking All the Real Budget Costs

Updated Category News Views 14

Home Buying: More Costs Than Meets the Eye Let's face it, buying a home is no stroll in the park. It's a tangled web of numbers and surprises that can leave even the savviest buyer in a daze. Thank goodness for articles like the one from HelloNation featuring Serena LoPiccolo-Smith, which make the invisible visible when it comes to the financial intricacies of home...

Continue Reading
New Data on SKYRIZI Offers Hope for Crohn's Patients

Updated Category News Views 31

Treating Crohn's: New Hope on the Horizon Folks, let me tell you, the landscape for treating Crohn's disease just got a bit more interesting. AbbVie's Phase 3 AFFIRM study has brought some attention-grabbing data on the table, showcasing the potential of their drug, SKYRIZI® (risankizumab-rzaa). This ain't just another run-of-the-mill study; these results could be a...

Continue Reading
Jaguar Promise Tackles College Cost for Texas Students

Updated Category News Views 0

Transforming Aspirations into Achievements In the heart of San Antonio, something’s cooking at A&M University-San Antonio, and it's not just the classic breakfast tacos. They've hit a record-breaking enrollment of 7,697 students this Fall, with 1,322 being fresh-faced first-timers. And while that might grab your attention, the real headliner is their Jaguar Promise...

Continue Reading
WIN Expands Leadership Amidst Rapid Growth Surge

Updated Category News Views 0

Why WIN's Leadership Shake-Up Matters Change is afoot at the fertility and family support powerhouse WIN, and there's no mistaking the bold handwriting on the wall. As they swell towards supporting one million families, WIN's revamping their leadership table with three key players aimed at pushing the envelope further than before. They've got Claudio Stefan, Stacey...

Continue Reading
Montesodi 2023: A Fresh Chapter in Chianti Excellence

Updated Category News Views 32

A Glass Filled with History and Nature's Whimsy When you pour a glass of Montesodi 2023, you’re not just tasting wine but a story—a saga that blends Tuscany’s rich vineyard history with last year's unpredictable weather. Marchesi Frescobaldi, a name that’s seen it all over its thousand years, has once again shown us how resilience and tradition can marry with...

Continue Reading
Puori Protein Transparency Pays Off Amid Lead Scare

Updated Category News Views 0

Puori's Moment of Reckoning The world of nutritional supplements is no stranger to controversy, but when Puori found itself caught in the storm of the Consumer Reports investigation last year, it chose a road less traveled: transparency and accountability. Faced with alarming news that over two-thirds of tested protein powders exceeded California's Proposition 65 lead...

Continue Reading
Simple Home Upgrades That Boost Value Fast

Updated Category News Views 17

Transform Your Home's Curb Appeal Without Breaking The Bank Every homeowner knows that feeling when you look at your house one day and think, "This could use a little something." Say you're strolling through a neighborhood in Fulton, N.Y., and notice a gem. It's not a brand new build, but it gleams with character. You bet it's had a few smart touches that could apply...

Continue Reading
Marshall Goldman Expands Footprint with Marino Acquisition

Updated Category News Views 0

Revving Up in Florida: Marshall Goldman's Strategic Leap If you're tuned into the luxury car scene, you probably already heard Marshall Goldman is making moves into Florida. Buying Marino Performance Motors of West Palm Beach isn't just another notch on their belt—it's a strategic leap into their second-largest market. This ain't merely about showroom floor space. Think...

Continue Reading

Top 5 Most Recently Viewed Articles

Elanco Animal Health: Insights into Growth and Stock Potential

Updated Category News Views 183

Elanco Animal Health's Dynamic Growth in Pet Care As the pet care industry continues its impressive expansion, pharmaceutical firms like Elanco Animal Health Incorporated are rapidly innovating to create effective treatments for our beloved companion animals. This proactive approach positions them for significant growth. Analyst Perspective on Elanco's Performance...

Continue Reading
Extend Your Patio Season with Fire Pit Outfitter's Fall Tips

Updated Category News Views 209

Extend Your Outdoor Living Experience This Fall As the chill of autumn approaches, many homeowners believe it’s time to store away their outdoor furniture and retreat indoors. However, this doesn’t have to be the case. Fire Pit Outfitter is here to revolutionize the concept of outdoor living during the fall season. With their latest Fall Outdoor Living Campaign, they...

Continue Reading
Exciting Growth Journey of Express Wash Concepts Unveiled

Updated Category News Views 156

Express Wash Concepts Expands Its Reach in Hampton Roads Express Wash Concepts (EWC), a leading name in the car wash industry, recently celebrated the opening of its newest location, the Green Clean Express Auto Wash, situated on Warwick Boulevard. This location marks a significant milestone for EWC as it expands its portfolio to a total of 18 sites in the Hampton Roads...

Continue Reading
Class Action Lawsuit Targets Paragon 28, Inc. Investors

Updated Category News Views 73

Essential Actions for Paragon 28, Inc. Investors Many investors of Paragon 28, Inc. have found themselves in a distressing situation due to significant losses in their investments. Recently, the Denver Law Office of Johnson Fistel, LLP announced that a class action lawsuit has been initiated for those affected by the company's misleading financial practices. This is a...

Continue Reading
SparDanmark Invest Temporarily Suspends Trading for All Classes

Updated Category News Views 126

Temporary Suspension of Trading at SparDanmark Invest Recently, Nykredit Portefølje Administration A/S made an important announcement regarding the suspension of trading for all departments managed under its oversight. The decision was rooted in technical difficulties that hindered the accurate calculation of the Net Asset Value (NAV). This temporary measure reflects a...

Continue Reading