Dorado Systems secures private equity funding

Dorado Systems said it recently closed a round of equity funding from Spring Lake Equity Partners.

With Spring Lake´s backing, Dorado said it will add resources to support its burgeoning roster of clients, which includes the nation´s premier healthcare providers and vendors.

Travis Coley and Dale Falcinelli of Spouting Rock Capital Advisors served as the exclusive advisors to Dorado Systems on its partnership with Spring Lake Equity Partners.

The country´s largest firms and institutions across the spectrum of healthcare, insurance, technology, and education partner with Dorado Systems to transmit and receive the data that power their businesses. Users leverage Dorado´s industry-leading network of more than 600 direct connections to Medicaid, Medicare, and its wide platform of EDI tools and applications to rapidly process complex transactions and make more accurate decisions.

Spring Lake Equity Partners is a Boston-based private equity firm. The firm invests equity capital primarily in later-stage, technology-oriented private companies.