Medsphere Raising $15M
In a regulatory filing this week, Carlsbad, CA-based Medsphere Systems says it has raised about $1.9 million of a $15 million secondary venture round. Medsphere CEO Michael Doyle told me recently that existing investors have committed $6 million for the round so far. Since it was founded in 2002, Medsphere has raised $50 million from investors that include Azure Capital Partners, Epic Ventures, and Thomas Weisel Partners. The company is commercializing an open source software version of VistA, the electronic health record system developed for the U.S. Department of Veterans Affairs.