# VEDA Data Solutions

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/veda-data-solutions

- Industry: Software
- Headquarters: Washington, US
- Website: www.vedadata.com
- Total disclosed funding: $53M
- Latest round: Series B (Jul 20, 2021)
- Investors on record: 7

## About

VEDA Data Solutions, Inc. is a data-driven company specializing in healthcare provider data management, clinical trials, and medical affairs, providing essential insights and analytics to improve healthcare outcomes.Founded in 2015 in Washington, US, VEDA Data Solutions, Inc. focuses on delivering solutions for healthcare provider data management and clinical trials. The company has secured USD 46.20 mn in Series B funding led by Oak HC/FT Partners, with its latest deal on July 20, 2021. The company was co-founded by Bob Lindner and Meghan Gaffney, the latter serving as the current CEO.VEDA Data Solutions offers a comprehensive suite of data-driven solutions that address challenges in healthcare provider data management, clinical trials, and medical affairs. The core product, HCP Universe, provides real-time insights into over 11 million healthcare professionals (HCPs) and key opinion leaders (KOLs), facilitating critical processes such as site selection and patient recruitment. Its clients, including life sciences companies and NGOs, utilize these tools to enhance clinical trial efficiency, medical representation, and diversity in trial participation across North America, Europe, and Latin America.VEDA Data Solutions operates on a subscription-based revenue model, providing access to its data solutions and analytics platform for enterprise clients in the healthcare sector. Clients engage with the company to access tools like the Medical Impact Navigator and Clinical Intelligence Streams, which support the consolidation of clinical data and navigation of provider networks. Pricing plans are tailored to client needs and often involve direct partnerships with life sciences companies to integrate these solutions into existing systems.Following the USD 46.20 mn Series B funding raised on July 20, 2021, VEDA Data Solutions aims to scale rapidly to comply with the No Surprises Act's regulatory requirements. The company plans to enhance product innovation, customer success, and go-to-market strategies to expand its reach into new markets and regions as part of its growth strategy.

## Funding rounds

- Series B, Jul 20, 2021, $46M — Oak HC/FT
- Series A, Jan 9, 2020, $5M — New Dominion Angels, HealthX Ventures, Sunwater Capital, Empactful Capital
- Seed, Feb 20, 2018, $1M — New Dominion Angels, Vidinovo, Okeanos
- Seed, Sep 14, 2017, $1M — New Dominion Angels, Okeanos

## Investors

- New Dominion Angels — Seed, Series A
- Okeanos (https://capitalatlas.ai/funds/okeanos) — Seed
- Vidinovo — Seed
- HealthX Ventures (https://capitalatlas.ai/funds/healthx-ventures) — Series A
- Sunwater Capital (https://capitalatlas.ai/funds/sunwater-capital) — Series A
- Empactful Capital (https://capitalatlas.ai/funds/empactful-capital) — Series A
- Oak HC/FT (https://capitalatlas.ai/funds/oak-hc-ft) — Series B