Healthcare Cloud Platform Sikka Software Secures $10.5 Million Series C Round

SikkaSikka Software, a retail healthcare cloud platform, raised its Series C funding of $10.5 million led by OrbiMed with participation from its Series B investor, Sierra Ventures and Series A investor, ATA Ventures. This new capital will further accelerate Sikka to scale sales and marketing and continue its rapid growth across key practice areas.

Steve Yecies, Venture Partner at OrbiMed, stated:

Steve Yecies“OrbiMed is impressed with the Sikka team and what they have accomplished to date and we are excited about their future prospects. Sikka brings significant value to all of its ecosystem partners as they enhance practice economics, improve both the quality of care and the service experience for patients and provide suppliers a more efficient and effective way to reach clinicians and patients.”

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 over 96% of the dental, veterinary, audiology and optometry markets and provides a single application programming interface that anyone can build apps on. The company began with a simple vision, to help healthcare providers and small offices optimize their businesses via a series of easy-to-use cloud based applications through the Sikka Platform Cloud.

Vijay Sikka, CEO and founder of Sikka Software, added:

Vijay Sikka“Sikka Software is an emerging leader in the non-physician, non-hospital marketplace which is very large and underserved. With over 14,700 installations we continue to grow in dental, audiology, veterinary, optometry and adjacent markets in both the United States and worldwide.”

Since 2011, Sikka has achieved the following milestones:

  • Cloud platform with 32 apps for over 14,700 practices in dental, veterinary, hearing and vision, servicing more than 34,000 doctors and 17 million active patients.
  • Processing over 1 billion interactions each day 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.
  • Steve Yecies, will join Sikka Software’s Board of Directors which consists of, Mark Fernandes, Managing Director of Sierra Ventures; Vishal Sikka, CEO of Infosys; Hatch Graham, Managing Director of ATA Ventures; and Vijay Sikka, CEO of Sikka Software.

 


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