In 2004, MedSynergies secured $24 million in funding from San Francisco and New York-based FTVentures. This is the first institutional round of funding for MedSynergies and is being used to grow its business and expand its geographic markets and services for healthcare providers, primarily physician groups, hospitals and corporate providers in the United States.
FTVentures provides capital to growth companies to finance organic expansion, acquisitions, recapitalizations and buyouts. The firm invests in software and business services companies that derive value from its unmatched Global Partner Network, which includes 38 of the world's leading financial institutions. FTVentures' Global Partner Network provides the firm with a unique vantage point into the business driven IT and operating challenges of the global enterprise.
Founded in 1998, FTVentures currently has $623 million under management with offices in San Francisco and New York. For more information, please visit www.ftventures.com