Fast-growing Updox closes $12.7M private equity round

Story excerpt provided by Columbus Business First.

Written by Carrie Ghose.

Fast-growing Updox LLC, whose online communication portals to physician practices are used by one-fifth the U.S. population, has closed a $12.7 million growth equity round.

It’s the first equity investment the profitable Dublin software company has taken since seed funding eight years ago. Updox also has secured loans without giving up an ownership stake, including a $750,000 JobsOhio loan and $3.5 million credit line with a subscription software-focused lender.

Click here to read the complete article, and see related news release.

Originally published May 9, 2017.

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