Vericred, a NYC-based healthcare data services company, closed a $5.5m Series A funding.
The round was led by Nashville-based FCA Venture Partners, with participation from existing and new investors. In conjunction with the funding, FCA’s co-managing partner Matthew King, joined Vericred’s Board of Directors.
The company, which has raised $10M in total funding, will use the capital to to scale the sales team, accelerate sales growth and product development to expand the depth of its datasets and to introduce related services to enable important new functionality.
Led by Michael W. Levin, co-founder and CEO, Vericred provides APIs to deliver health plan design and rate, provider-network and formulary data, to insurtech platforms. Launched in September 2016, the company serves such clients as GetInsured, EaseCentral, Maestro Health, Decisely, Wellthie, Maxwell Health and the Robert Wood Johnson Foundation.