Springbuk, an Indianapolis-based health analytics software company, raised $20M in Series B round of financing.
The round was led by California-based HealthQuest Capital and Echo Health Ventures, a strategic collaboration of Cambia Health Solutions and Mosaic Health Solutions, with participation from Lewis & Clark Ventures and Elevate Ventures.
The company intends to use the funds to add over 100 high-tech jobs to the Indianapolis area by 2020 and accelerate their growth.
Founded in 2015 by Rod Reasen and Phil Daniels, Springbuk provides employer-facing health intelligence software for employers, benefits consultants, onsite clinics, TPAs, and wellness vendors to lower their healthcare costs by harnessing health data.
Today, over 1,000 employers use Springbuk’s software to access actionable insights to improve their population’s health.