News travels fast on Twitter and I couldn’t help but notice this tweet about Practice Fusion raising another $2 million.
More money again for #PracticeFusion. Raises additional $2 million from Facebook’s Jeff Stremel and the Partovis for a total $38 million
— Zina Moukheiber (@ZinaMoukheiber) January 13, 2012
You can see the full press release from Practice Fusion about the new funding here. Here’s the most important section of the release:
Stremel, who led Facebook’s mobile efforts, joins existing investors Ali Partovi, angel investor and co-founder of LinkExchange, and Hadi Partovi, angel investor and co-founder of Tellme, in the current investment. Including the $23 million Series B round of financing led by Founders Fund in 2011, Practice Fusion has raised over $38 million in total funding with investments from Band of Angels, Felicis Ventures and others.
Considering this is only a $2 million investment, this seems more like a strategic investor as opposed to Practice Fusion needing some extra cash. Considering the mobile experience of these investors you can easily see this being Practice Fusion moving aggressively into the mobile space. It could be a smart move since past efforts by Practice Fusion to go mobile have basically been a flop.