Sikka Software Raises $5.5 million to Expand its Retail Healthcare Cloud Leadership

Posted: February 26, 2015
Edited by Dentaltown staff
 
MILPITAS, Calif.—Sikka Software, a retail healthcare cloud platform, raised its Series B funding of $5.5 million led by Sierra Ventures with participation from its Series A investor, ATA Ventures.  

This new capital will enable Sikka to scale sales and marketing and continue its rapid growth across key practice areas.
 
Sikka is revolutionizing the field of retail healthcare software by providing the Sikka Platform Cloud which is seamlessly connected to over 400 combinations of practice management and financial systems covering more than 96 percent of the dental, veterinary, audiology and optometry markets and provides a single application programming interface that anyone can build apps on.

Since 2011, Sikka has achieved the following milestones:
•      Cloud platform with 26 apps for over 13,500 practices in dental, veterinary, hearing and vision, servicing more than 23,000 doctors.
•      Processing over 100 million monthly interactions with customers including payments, claims, patient communications, receivables, supplies, lab services, patient financing and more.
•      $4.8 billion of transactions processed in 2014 through the rapidly growing Sikka ecosystem 
•      Continuing momentum by adding nearly 500 new healthcare practices each month
 
"We are excited to raise our next round of financing, which will allow us to accelerate the already rapid growth we have experienced over the past 3 years," said Vijay Sikka, CEO of Sikka Software. "Given our broad footprint in the retail healthcare space, we are well positioned to be the leader in this large underserved market. Sierra Ventures has strong domain expertise in the small retail software space, starting with their investment in Intuit."
 
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