February 20, 2009: Phreesia, which provides a free patient-intake solution for physicians’ waiting rooms, raised $11.6 million in venture capital. The company’s third round of funding was led by BlueCross BlueShield Venture Partners, which has a $116 million war chest into which eleven independent BlueCross and BlueShield companies have committed capital. Return investors Polaris Venture Partners, HLM Venture Partners and Long River Ventures also contributed to the most recent round.
Phreesia’s second round of VC funding was disclosed in the fall of 2007 when the company announced $10.25 million in VC, led by Polaris. The company’s first round of funding was never disclosed, but it was announced in December 2006 and was led by HLM.
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