Vericred

SoftwareSeries BNew York, USvericred.com

Latest round

Series B

Last raised

Mar 2021

Total raised

$28M

Investors

7

About Vericred

Vericred, Inc.Vericred, Inc. is focused on providing data solutions for the health insurance sector. The company was founded in 2014 and is headquartered in New York, US. Its founders, Dan Langevin and Michael Levin, have a background in technology and health insurance.Vericred, Inc. offers a suite of tailored data management solutions specifically designed for the health insurance and benefits industry. Its core products include IdeonEnroll, IdeonQuote, IdeonSelect, and IdeonEOI, all aimed at facilitating seamless data exchange and efficient enrollment processes.Vericred, Inc. generates revenue primarily through subscription-based models and partnerships with various stakeholders in the health benefits ecosystem. Clients, including insurance carriers and brokers, engage with the company's services through tailored agreements that enable access to its API-powered solutions. This typically involves annual or monthly subscriptions granting users access to tools like IdeonEnroll and IdeonQuote.7 mn, Vericred, Inc. plans to bolster its marketing and sales functions and expand its team, particularly in its New York and Omaha offices. The company aims to grow its participant community on its platform and is actively working on enhancing its product offerings. Vericred is also exploring opportunities to expand its market reach into new geographic regions, although specific locations and timelines for these expansions have yet to be disclosed.

Who invested in Vericred

7 investors across 2 rounds

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Funding rounds

  1. Series B

    Mar 22, 2021

    Amount

    $23M

    Investors

    Locked

  2. Series A

    May 22, 2017

    Amount

    $5.5M

    Investors

    Locked

Questions about Vericred

Who invested in Vericred?

Vericred has 7 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.

How much funding has Vericred raised?

Vericred has raised 2 venture rounds. Sign up free to see how much each round raised and the total.

When did Vericred last raise money?

Vericred's most recent round on record is a Series B, in Mar 2021.

What does Vericred do?

Vericred is a software company.

Where is Vericred headquartered?

Vericred is headquartered in New York, US.

Which VCs invest in companies like Vericred?

Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Vericred's stage. Their profiles are linked below.

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