CloudMine Raised a $7.3 Million Series A1

4/16/17

Center City-based CloudMine just whipped up some more venture dollars: the health IT company is raising a Series A1 round and has so far raised $7.3 million from a mix of former and new investors.

“It’s mostly going towards continuing to reinforce what we’re doing,” said CEO Brendan McCorkle. “Lots of research and development, as well as marketing which is recent for CloudMine.”

CloudMine, which is currently just shy of 30 full-timers, has raised a couple of rounds, mostly from local investors: a $5 million Series A led by Safeguard Scientifics in 2015 (including local investors like MentorTech Ventures, Dreamit, Robin Hood and Ben Franklin) and then a follow-up debt round worth another $2.25 million.

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A Video Conversation with Brendan McCorkle, CEO of CloudMine

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