# IkaSystems

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ikasystems

- Industry: Healthcare
- Headquarters: Southborough, US
- Website: www.ikasystems.com
- Total disclosed funding: $137M
- Latest round: Series D (Jan 9, 2014)
- Investors on record: 2

## About

IkaSystems Corp. specializes in delivering software solutions that enhance operational efficiency, primarily serving clients in finance, healthcare, and logistics sectors by streamlining processes and improving data analysis capabilities.Founded in 1999 in Southborough, US, IkaSystems Corp. provides technology solutions tailored to operational needs. In March 2016, the company was acquired by Blue Cross Blue Shield of Michigan. The company has conducted 6 deals, with the most recent funding round, Series D, raising USD 15.00 mn. This brought the total amount raised to USD 15.00 mn, and the current company valuation is USD 120.74 mn. The latest funding round included investors such as Essex Woodlands and Providence Equity Partners.IkaSystems Corp. primarily offers a comprehensive software platform designed to improve operational efficiency across various industries. Their solutions integrate seamlessly with existing systems, enabling clients to enhance data management, reporting, and compliance. The platform caters to sectors like finance, healthcare, and logistics, and has gained traction with a diverse client base, including mid-sized firms and large enterprises, particularly in North America and Europe.The company employs a subscription-based revenue model, offering tiered pricing plans for access to its software suite. This structure accommodates both small enterprises and large corporations, with annual transactions and options for multi-year agreements to facilitate cost savings. Their flagship product plays a crucial role in driving revenue through widespread adoption among various industries.IkaSystems Corp. is focused on leveraging recent funding from their Series D round to support the development and launch of new products aimed at enhancing client offerings. They plan to expand into additional markets, targeting specific regions in North America and Europe by 2025. The funding will also aid in strengthening existing partnerships and exploring new opportunities for integrated solutions.

## Funding rounds

- Series D, Jan 9, 2014, $15M — Essex Woodlands, Providence Equity Partners
- Series C, Dec 29, 2012, $12M — Essex Woodlands, Providence Equity Partners
- Series B, Dec 21, 2010, $19M — Essex Woodlands, Providence Equity Partners
- Series B, Dec 7, 2009, $90M — Essex Woodlands, Providence Equity Partners

## Investors

- Essex Woodlands (https://capitalatlas.ai/funds/essex-woodlands) — Series B, Series C, Series D
- Providence Equity Partners (https://capitalatlas.ai/funds/providence-equity-partners) — Series B, Series C, Series D