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Vericred Raises $23M In Oversubscribed Series B Funding Round

PRIVATEApr 13, 2021

Amount Raised

$23 Million

Round Type

Series B

New YorkProfessional Services

Description

Vericred, the innovative data services platform powering digital quote-to-card experiences in health insurance and benefits, today announced the completion of a Series B round of funding totaling $23 million and the addition of two new members to its board of directors. Aquiline Technology Growth led the oversubscribed funding round, which included participation from new investors Echo Health Ventures, MassMutual Ventures, Guardian Strategic Ventures, and existing investors Riverside Acceleration Capital, FCA Venture Partners and First Health Capital Partners.

Quick answer

VERICRED raised $23 Million in a Series B round, dated April 13, 2021. VERICRED is based in New York, New York, United States.

How much did VERICRED raise?
VERICRED raised $23 Million in a Series B round on April 13, 2021.
What does VERICRED do?
Vericred is Now Ideon ABOUT IDEON: Ideon is the way health insurance carriers and employee benefits providers connect with new technology partners to deliver seamless consumer experiences at every stage of the member..
Where is VERICRED based and how big is it?
VERICRED is based in New York, New York, United States.
Who are the decision-makers at VERICRED?
Fundz holds 1 contact at VERICRED. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Professional Services around the same time

Companies in the same sectors as VERICRED that raised within 45 days of this round, from Fundz verified event records.

  • ShiftPixy, Inc. raised $12M on May 28, 2021.
  • HCAP Partners raised an undisclosed amount on May 25, 2021.
  • Firstbase raised $13M on May 20, 2021.
  • Product Verification Solutions, Inc. raised an undisclosed amount on May 17, 2021.
  • Tonik raised $17M (Series B) on May 11, 2021.
  • Staffing 360 Solutions, Inc. raised $4.7M (Seed) on May 10, 2021.

Who to call at VERICRED, and when

A new round usually means VERICRED is about to hire and buy. The teams that reach out first get the meeting.

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  • The decision-makers there, with verified emails
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Company Information

Company

VERICRED

Location

27 West 24th Street, Suite 401

New York, New York, United States

About

Vericred is Now Ideon ABOUT IDEON: Ideon is the way health insurance carriers and employee benefits providers connect with new technology partners to deliver seamless consumer experiences at every stage of the member journey. We are not the websites or apps you use to choose a plan or find a doctor. Instead, our suite of APIs provides the infrastructure, the ‘pipes,’ that allows InsurTech platforms and health insurance and benefits carriers to exchange data accurately, efficiently, securely, and at scale—improving the way benefits are quoted, sold, enrolled, managed, and utilized. Our APIs transmit billions of data points between InsurTechs and insurance carriers, enabling the benefits ecosystem to operate efficiently and effectively, grow, and, ultimately, deliver a seamless experience for all. Faster. Better. Awesomely. ABOUT OUR TEAM: We are a group of people who love a good API and all it can do. We are insurance geeks, systems gurus, data wonks, sales & marketing execs, product leads, finance whizzes, and admin pros—all determined to bring efficiency, transparency, and connectivity to the health insurance and benefits industry. LET’S CONNECT To learn more, please visit: www.ideonapi.com.

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Related People

1 contact
Verified contacts21 people are listed at VERICRED. We don't have their email yet.See plans and pricing
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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

VERICRED raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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