Financial backers continue to line up behind MedVentive Inc., with a new group ponying up $1 million for the Waltham, Mass.-based healthcare management company.
The new money lifts the total amount MedVentive has raised through its Series C round to $10 million. The company said in July 2009 that it had closed on $7.25 million in a round led by Excel Venture Management of Boston.
The additional funding was disclosed in securities documents filed Feb. 19, but did not identify the new investor.
Other MedVentive backers include HLM Venture Partners, Long River Ventures and the Worcester Venture Fund, all Boston-area funds. Core Capital Partners, a Washington, D.C.-based venture firm, was identified last month as a new investor, buying a $1.75 million stake.
Previous funding rounds in 2006 and 2008 produced $8.25 million for MedVentive.
Customers for MedVentive’s software-based management system include Beth Israel Deaconess Medical Center and Physicians Organization, Caritas Christi Health Care and Chestnut Health Care Alliance, all Boston-area hospital or healthcare clinic companies.