Vericred Closes $3.1M Second Seed Funding

vericredVericred, Inc., a NYC-based healthcare technology startup delivering transparency solutions to the health insurance industry, closed a $3.1m second seed funding.

The new round follows a first seed round of $1.125m, which closed in November 2014.

The company intends to use the funds to expand its data services and offerings while scaling its sales efforts.

Led by Michael W. Levin, co-founder and CEO, Vericred operates a provider-network and health insurance plan data for the individual, small group and Medicare Advantage markets. The data, whose footprint includes networks for all under 65 individual, on and off marketplace health insurance plans, as well as about 80 percent of small group networks, is available through a REST API in formats ingestible into health insurance search, quoting and sales technology platforms including private exchanges and marketplaces.
The company plans to complete the small group dataset, along with Medicare Advantage networks, in early 2016.



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