FCA Venture Partners Leads Latest Vericred Funding
Published: Friday, June 16, 2017 12:05 pm
Last month, healthcare data services company Vericred, announced the closing of a $5.5 million Series A funding round led by Nashville-based FCA Venture Partners, with participation from existing and new investors. The company will use the capital to accelerate sales growth and product development to advance its position as the enabling data layer to the health insurance and employee benefit industry. FCA's co-managing partner Matthew King has joined Vericred's Board of Directors.
Technology companies are looking to build robust solutions that help individuals and businesses enroll, understand, and use their health insurance and employee benefits. The lack of a centralized data platform providing reliable, structured data had historically inhibited the building of such solutions, but Vericred has addressed the data problem so that technology companies can focus their resources on creating modern user experiences.
"Vericred's centralized data platform is unique and highly scalable. With its combination of a strong management team and great technology, Vericred is positioning itself to power health insurance and employee benefit related applications, transactions and insights across the industry," said King.