Recondo Technology scores $16 million debt and funding round

DENVER BUSINESS JOURNAL - Recondo Technology has grown by more than 50 percent and achieved profitability for the first time in 2016. And now it has received a major investment that should continue that growth.

The Greenwood Village-based provider of cloud-computing services for health-care companies just closed a $16 million debt and capital funding round led by Lemhi Ventures, a Minnesota-based health-care venture capital firm.

The money will allow it to expand its product-development investments that are designed to improve financial outcomes for patients and customers.

“Recondo is poised to leverage this investment to further execute on our aggressive growth strategy,” CEO Jay Deady said.

Recondo is benefiting from several changes in the health-care sector.

Read more at the Denver Business Journal: http://bit.ly/2fixszl

Copyright 2016 Denver Business Journal


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