Clinicient and NWEA top Portland's recent funding news

Clinicient and NWEA top Portland's recent funding news
Photo: Clinicient/ Facebook
By Hoodline - Published on July 23, 2019.

Portland-based information services company Clinicient has secured $17 million in funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced July 16.

According to its Crunchbase profile, "Clinicient, Inc. provides software-enabled revenue cycle management solutions for outpatient rehabilitation clinics. The company offers physical therapy software that provides patient scheduling, clinical documentation, revenue management, and management reporting services, as well as practice management software and physical therapy billing services. Clinicient, Inc. was founded in 1998 and is based in Portland, Oregon with additional offices in Tennessee, Washington and Florida."

The 22-year-old company has raised nine previous funding rounds, including a $5 million debt financing round in 2015.

The round brings total funding raised by Portland companies in information technology over the past month to $21 million. The local information technology industry has seen 15 funding rounds over the past year, yielding a total of $137 million in venture funding.

In other local funding news, education and management information systems company NWEA announced a $4.5 million grant on June 21, financed by Bill & Melinda Gates Foundation.

According to Crunchbase, "Northwest Evaluation Association (NWEA) is a not-for-profit organization committed to helping school districts throughout the nation improve learning for all students. NWEA partners with more than 2,200 school districts representing more than three million students. As a result of NWEA tests, educators can make informed decisions to promote your child’s academic growth."

The company also raised a $17 million debt financing round in 2011.

This story was created automatically using local investment data, then reviewed by an editor. Click here for more about what we're doing. Got thoughts? Go here to share your feedback.