Source: Xconomy San Diego; South Florida Business Journal
SAN DIEGO – A team of Pillsbury lawyers and consultants led by Corporate partner Christian Salaman represented venture capital firm Blueprint Equity in its first investment. The VC invested $6 million in Sunwave, a Florida-based company that makes software for substance abuse treatment centers.
Blueprint focuses on investing in tech companies, especially enterprise software firms, across North America but outside of what Blueprint classifies as the top tier of U.S. tech markets in the Bay Area, Boston and New York.
Sunwave says it plans to use the financing to get its software into more treatment facilities in the U.S. The system allows facilities to access patients’ electronic medical records as well as to handle customer relationship management and revenue cycle management. Sunwave’s product is already in use in facilities including Cumberland Heights, Royal Life Centers and Transformations Treatment Center.
Along with Salaman, the Pillsbury team included business consultants Thomas Tiop and Martin Bridges, attorney Patrick Klingborg and special counsel Mustapha Parekh.