MedTrainer, healthcare’s leader in credentialing, training, and compliance management, today announced a $43 million Series B investment led by Vista Equity Partners, a leading global investment firm focused exclusively on enterprise software, data, and technology-enabled businesses. Existing investor Telescope Partners also participated in the round. The investment will be leveraged to accelerate MedTrainer’s growth trajectory through talent acquisition, product expansion, and partnership development.
The investment in MedTrainer was led by Vista’s Endeavor Fund, which provides growth capital and strategic support to market-leading, high-growth enterprise software, data, and technology-enabled companies that have achieved at least $10 million in recurring revenue. After increasing its customer base by over 50% and expanding its partnership ecosystem, the funding round follows an exciting period of growth for MedTrainer over the last 12 months. Abhay Puskoor, Senior Vice President at Vista, will join MedTrainer’s Board of Directors effective immediately.
Telescope Partners was instrumental in MedTrainer’s early growth with its $11 million Series A funding in 2019.
Read more: PR Newswire
