VEDA raises €17M in private equity funding to expand internationally and develop buy-and-build strategy

May 15, 2024•over 1 year ago

Amount Raised

€17 Million

Madison

Investors

Cibc Innovation Banking

Description

HRtech VEDA has secured €17M in private equity funding from CIBC Innovation Banking. The funding will be used for international expansion primarily in the DACH region and the UK, as well as to develop its buy-and-build strategy by acquiring payroll software companies and payroll services and exploring new international markets such as Benelux and the Nordics.

Company Information

Company

veda

Location

Madison, Wisconsin, United States

About

Veda saves healthcare companies millions annually by automating complex data processes. Our systems enable customers and partners to harness the power of their own data—process, validate and generate meaningful answers that make healthcare more efficient and accessible. Veda enables organizations to dramatically reduce overhead costs by automating complex business rules for data extraction, transformation, and loading (ETL); creating a simplified and streamlined experience for everyone—from the data entry specialist to the end customer. The company is headquartered in Madison, WI. To learn more about veda, visit vedadata.com and follow us on LinkedIn and Twitter.

Funding Insights

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VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Tech investment trends

83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

VEDA raises €17M in private equity funding to expand internationally and develop buy-and-build strategy

Investors

Description

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Company Information