GrowthPlug, a healthcare practice growth and optimization software-as-a-service (SaaS) company, secured a $1 million investment commitment from Elevate Capital in December 2019.
In November 2019, GrowthPlug relocated to Beaverton, Oregon from Silicon Valley. The company is growing rapidly and increased revenues by 300 percent during the past year.
GrowthPlug is helping hundreds of dentists, ophthalmologists, veterinarians, and medical spa practitioners across the U.S. accelerate new patient acquisition, manage online reputation, and automate front desk operations.
"We’re impressed with GrowthPlug's innovative and targeted approach to serving a rapidly growing number of customers in the healthcare practice market," said Nitin Rai, Founder and Managing Director at Elevate Capital, who has also joined GrowthPlug's Board of Directors.
"Elevate Capital’s investment in GrowthPlug supports our mission to provide funding to minority entrepreneurs with disruptive ideas and products—one of the co-founders is a woman, and both co-founders are entrepreneurs of color.”
"Nitin has a deep understanding of how healthcare practices operate along with the key challenges they face in delivering a great patient experience,” said Sudhir Bhatti, Co-Founder and CEO of GrowthPlug.
“We are fortunate to have Nitin support GrowthPlug in accelerating our go-to-market strategy. He played a pivotal role in helping us make the transition from Silicon Valley to the Greater Portland area and connect with the local startup community."
Read more about how GrowthPlug is expanding its operations.