Wednesday, November 11, 2015

TigerText Raises $50M In Series C

Santa Monica-based secure messaging provider TigerText has raised $50M in a Series C financing, the company said this morning, to help it with its growth efforts. The new round was led by Norwest Venture Partners, and also included Invus Group, Accolade Partners, plus Shasta Ventures, OrbiMed, and Reed Elsevier. TigerText is a provider of secure messaging apps, which help enterprise companies ensure compliance with a range of privacy and records laws. The company's major market is the healthcare industry, where the company's secure messaging apps are being used by hospitals and healthcare providers to support instant messaging and texting-like communications, without running afoul of patient privacy laws when those healthcare workers use standard texting. As part of the funding, Dr. Robert Mittendorff of Norwest Venture Partners will join the company's board. TigerText is led by CEO Brad Brooks. More information »

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