Healthline Gets A $14 Million Shot in the Arm

Apr 29, 2010

Healthline Networks, a provider of intelligent health information services, announced that it has raised $14 million in a third round of financing led by Investor Growth Capital (IGC), the venture capital arm of Investor AB. The round also includes strategic financing from GE/NBC Universal's Peacock Equity Fund, a joint venture between GE Capital's Media, Communications & Entertainment business, NBC Universal, and Reed Elsevier Ventures.

Healthline announced plans to use the proceeds from the third round to expand research and development, engineering, sales, and network services to meet the growing demand from a broad spectrum of consumer-focused media and healthcare businesses looking to improve the way consumers find, understand and manage health-related information. The company will also work to expand its advertising platform and services.