LaunchPoint, a Rolling Meadows, IL-based provider of information-centric enterprise business solutions and services, closed a $3.5m Series B funding.
Backers include existing investors and new private contributors (George Spencer III).
The company intends to use the funding to increase adoption and continue to develop its software-as-a-service (SaaS) solution.
Founded in 2008 and led by CEO Terrence Ryan, LaunchPoint has served 30 customers through its two divisions:
– Ajilitee, a consulting and services firm that specializes in agile analytics, business intelligence, cloud enablement, and information management; and
– Discovery Health Partners, a provider of intelligent healthcare cost containment solutions that include subrogation, coordination of benefits and dependent eligibility verification.
Customers include healthcare payers, provider networks, academic medical centers, and self-insured corporations.
The company currently employs more than 40 people.