VBA, a Milwaukee, WI-based provider of cloud-based benefits software for healthcare payers, raised $156M in Growth funding.
The round was led by Spectrum Equity with participation from Arthur Ventures. With the investment, Jeff Haywood and Michael Radonich from Spectrum joined VBA’s board of directors.
The company intends to use the funds to expand operations and its business reach.
Led by Michael Clayton, President, and CEO, VBA is a healthcare technology company providing comprehensive software solutions for healthcare payers. It offers a suite of technology solutions for core benefits administration. These include CAPS (VBASoftware), user engagement platforms (VBAGateway), customer support tools (VBAVoice), population health reporting solutions (VBAnalytics) and robust data connections (VBAPI).
FinSMEs
18/08/2023