Canal Partners Sells Interest in WebPT to Battery Ventures for 16x Return

7/12/17

Early stage venture firm Canal Partners said it sold its interest in WebPT to Battery Ventures. The Scottsdale, AZ, firm said it yielded a 16x return from the sale.

Canal invested $1 million in the cloud-based electronic medical record company in December 2010, according to a press release. The company evolve from a documentation system for physical, occupational and speech therapists to a software solution for the outpatient rehab therapy, the release said.

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