Here are four things to know.
1. The investment is slated to be used for “significant 2018 expansion” as well as improvements to its patient payments platform, the company said via news release.
2. Investors include Teaghlach Family Office, which led the funding round, along with Esping Family Office and existing investors, including Mosaik Partners.
3. With the latest funding round, PatientPay said it now has received a total of $18 million in backing since its founding.
4. The company plans to expand its employee base by 85 percent and expand its Raleigh-Durham, N.C., headquarters next year.
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