Springbuk, an Indianapolis-based employer health analytics platform, secured $3.75m in Series A venture capital funding.
The round was led by Lewis & Clark Ventures, a vc firm providing capital to fast-growing Midwest companies. In conjunction with the funding, Brian Hopcraft, Managing Director at Lewis & Clark Ventures, will be joining the Springbuk Board of Directors.
The company intends to use the funds for hiring and product innovation.
Led by Rod Reasen, CEO and Co-Founder, Springbuk provides cloud-based software that combines medical claims, pharmacy, biometric, payroll and activity data for HR, benefits and wellness professionals to get access to accurate insights to measure health programs, identify at-risk members and engage and improve outcomes in their population.
The Springbuk platform is currently used by nearly 500 employers representing 500,000 individuals.