When was Modernizing Medicine founded?

Modernizing Medicine was founded in 2010 and raised its 1st funding round within a year of its incorporation.

Where is Modernizing Medicine located?

Modernizing Medicine is headquartered in Boca Raton, United States. It is registered at Boca Raton, Florida.

How many employees does Modernizing Medicine have?

As of Apr 30, 2026, the latest employee count at Modernizing Medicine is 2214.

Is Modernizing Medicine a funded company?

Modernizing Medicine is a funded company, having raised a total of $329M across 10 funding rounds to date. The company's 1st funding round was a $425K Seed round, raised on May 19, 2010.

How much is Modernizing Medicine worth?

The last known valuation of Modernizing Medicine was $1B as of Jun 14, 2017.

When was the latest funding round of Modernizing Medicine?

Modernizing Medicine's latest funding was a $231M Series F round on May 10, 2017, with participation from 1 investor.

Is Modernizing Medicine a Healthcare IT company?

The primary sector of Modernizing Medicine is Healthcare IT.

Where does Modernizing Medicine rank among its competitors?

Modernizing Medicine ranks 1st amongst 2881 active competitors, of which 151 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Tebra, which secured $250M in Dec, 2025.

Who are the top competitors of Modernizing Medicine?

Modernizing Medicine's top competitors include Eka Care, Hint Health and Docon. Among them, Tebra secured the most recent funding round in December, 2025.

Modernizing Medicine - 2026 Company Profile, Team, Funding & Competitors

Sectors and market segments that Modernizing Medicine operate in

Modernizing Medicine serves in the HealthTech market segments.The primary business model of Modernizing Medicine is:

HealthTech > Healthcare IT > ***** **** > ***** ******

Company Details

AI and cloud-based EMR and practice management software for clinics. The product Electronic Medical Assistant (EMA) is a cloud-based, specialty-specific electronic medical record (EMR) system. EMR technology is powered by deep learning and Machine Learning to extract information from patient data. The platform also provides telemedicine and value-based care facilities for multiple diseases.

Website: modmed.com
Social
Email ID: *****@modmed.com
Phone Number: +1 **********
Registered Address: Boca Raton, Florida

Key Metrics

Founded Year

2010

Location

Boca Raton, United States

Stage

Acquired

Total Funding

$329M in 10 rounds

Latest Funding Round

Series F, May 10, 2017, $231M

Last Known Valuation

$1B as on Jun 14, 2017

Investors

Summit Partners & 9 more

Ranked

1^st among 2881 active competitors

Employee Count

2,214 as on Apr 30, 2026

Investment & Acquisitions

Bonsai Health & 6 more

Similar Companies

Eka Care & 3954 more

Exit Details

Acquired by Clearlake Capital Group (Mar 03, 2025)

View Modernizing Medicine's full profile

Modernizing Medicine is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
MODMED TECHNOLOGIES INDIA PRIVATE LIMITED CIN: U62099TS2023FTC171658 , India, Active	Apr 06, 2023	$8.77M (As on Mar 31, 2025)	-
Modernizing Medicine, Inc. CIN: 272070905 , United States, Active	Dec 31, 2009	-	1615 (As on Dec 31, 2024)	-

Modernizing Medicine got acquired by Clearlake Capital Group on Mar 03, 2025.

Click here to take a look at Modernizing Medicine's acquisition in detail

Modernizing Medicine has raised a total funding of $329M over 10 rounds. Its first funding round was on May 19, 2010. Its latest funding round was a Series F round on May 10, 2017 for $231M. 1 investor participated in its latest round. Modernizing Medicine has 10 institutional investors.

Here is the list of recent funding rounds of Modernizing Medicine:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 10, 2017	$231M	Series F	$1B	-	Warburg Pincus	-
Sep 15, 2015	$38M	Series E	-	-	Pentland, Sands Capital Ventures, Summit Partners	-
Aug 28, 2015	$10M	Venture Debt	-	-	-	SVB

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View details of Modernizing Medicine's funding rounds and investors

The founders of Modernizing Medicine is Michael Sherling.

Here are the details of Modernizing Medicine's key team members:

Michael Sherling: Co-Founder & Chief Strategy officer of Modernizing Medicine. They serve on the board of 1 company.

Modernizing Medicine's Board of Directors

Modernizing Medicine's board has 21 active members. Daniel Cane, James Brooks, Gary Steele, Fred Hassan, Michael Sherling, Andrew Park, Karen O'byrne, Mark Delaar, Rick Von Pusch, Barry Mosheim, Amr Kronfol, Joseph Harpaz, Phillip Pead, Patric Edmondson, Jean Bua, Mark Fleisher, Michael Sherling, M.D., Michelle Scheer, Brad Rennick, Robert Nagro and Gina Loften are independent board members.

Here is the list of Modernizing Medicine's board of directors:

Name	Type	Representing	Status	Duration
Daniel Cane	Independent board member	-	Current	15y 11m
James Brooks	Independent board member	-	Current	13y 9m
Gary Steele	Independent board member	-	Current	4y 2m
Fred Hassan	Independent board member	-	Current	8y 11m
Michael Sherling	Independent board member	-	Current	15y 11m
Andrew Park	Independent board member	-	Current	4y 2m
Karen O'byrne	Independent board member	-	Current	13y 9m
Mark Delaar	Independent board member	-	Current	12y 8m
Rick Von Pusch	Independent board member	-	Current	8y 11m
Barry Mosheim	Independent board member	-	Current	12y 8m
Amr Kronfol	Independent board member	-	Current	8y 11m
Joseph Harpaz	Independent board member	-	Current	4y 2m
Phillip Pead	Independent board member	-	Current	4y 2m
Patric Edmondson	Independent board member	-	Current	11y 5m
Jean Bua	Independent board member	-	Current	4y 2m
Mark Fleisher	Independent board member	-	Current	13y 9m
Michael Sherling, M.D.	Independent board member	-	Current	15y 2m
Michelle Scheer	Independent board member	-	Current	4y 2m
Brad Rennick	Independent board member	-	Current	11y 5m
Robert Nagro	Independent board member	-	Current	15y 2m
Gina Loften	Independent board member	-	Current	4y 2m

View details of Modernizing Medicine's Founder profiles and Board Members

Modernizing Medicine's employee count trend

Modernizing Medicine has 2,214 employees as of Apr 26. Here is Modernizing Medicine's employee count trend over the years:

Employee count trend for Modernizing Medicine

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Top competitors of Modernizing Medicine include Eka Care, Hint Health and Docon. Here is the list of Top 10 competitors of Modernizing Medicine, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Modernizing Medicine 2010, Boca Raton (United States), Acquired	AI and cloud-based EMR and practice management software for clinics	$329M	Sands Capital, SVB & 8 others	81/100
2nd	Eka Care 2020, Bengaluru (India), Series A	Provider of AI-powered EMR, EHR, and patient engagement solutions	$19.5M	Hummingbird Ventures, PeerCapital & 33 others	71/100
3rd	Hint Health 2013, San Francisco (United States), Series B	Provider of a SaaS-based practice management solution for healthcare professionals	$60.1M	AXA Venture Partners, Carthona Capital & 22 others	67/100
4th	Docon 2013, Bengaluru (India), Acquired	Digital healthcare platform to streamline medical practices and enhance patient care	-	-	67/100
5th	Epic Systems 1979, Madison (United States), Funding Raised	Provider of suite software solutions for healthcare organizations	-	DSA Investments, Lotus Capital & 3 others	66/100
6th	Medsphere Systems 2002, Carlsbad (United States), Series F	Open-source software provider for healthcare organizations	$151M	Azure Capital Partners, Sixth Street & 12 others	66/100
7th	HealthPlix 2014, Bengaluru (India), Series C	Provider of EMR and clinic management software for healthcare professionals	$43M	Lightspeed, SIG Venture Capital & 20 others	65/100
8th	Semble 2016, London (United Kingdom), Series B	Cloud-based practice management tool for providers	$23.3M	Salica Investments, Mercia & 8 others	65/100
9th	MEDITECH 1969, Westwood (United States), Funding Raised	Developer of electronic health record software and related healthcare solutions	-	Greylock Partners, Summit Partners & 1 others	64/100
10th	Tebra 2021, Corona (United States), Series D	Cloud based platform offering practice management tool for providers	$322M	Golub Growth, Hildred & 15 others	64/100

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Modernizing Medicine has not made any investments yet. Modernizing Medicine has made 7 acquisitions.

Here is the list of latest three $acquisitions:

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Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Apr 20, 2026	Acquisition	Bonsai Health		Los Angeles (United States)
Feb 08, 2022	Acquisition	Klara	2013	Berlin (Germany)
Apr 16, 2021	Acquisition	TRAKnet	2013	Southfield (United States)

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Here is the latest report on Modernizing Medicine's sector:

Free

Healthcare IT - Sector Report

Edition: February, 2026 (94 Pages)

View all reports related to Modernizing Medicine

Media has covered Modernizing Medicine for a total of 8 events in the last 1 year, 3 of them have been about company updates and 2 about partnerships.