June 10 — Stitch, a professional employer organization (PEO) for independent medical practices, snagged an $8.75 million seed, CEO Rajesh Voddiraju told Axios exclusively.
Why it matters: Independent medical practices have been squeezed by surging overhead costs, forcing many to close or sell to corporate giants.
Go deeper: Read Monday's newsletter, plus Monday's Pro Rata on Engelhart Commodities Trading Partnersof London buying Trailstonefrom private equity firm Riverstone Holdings.
