The angel investor network managed by information technology trade group TechPoint has invested an undisclosed amount in Indianapolis-based PolicyStat.
PolicyStat is a software-as-a-service company that helps health care companies manage their policies to achieve regulatory compliance and improve care.
HALO Capital Group, which is managed by TechPoint, typically invests between $250,000 to $2 million in upstart companies. HALO has invested $12.5 million in the last 20 months.
PolicyStat is headed by Steve Ehrlich, who is better known for his former roles at IT firms Aprimo and Software Artistry. Ehrlich has a “track record for building profitable, high-growth companies,” said TechPoint President Jim Jay.
“PolicyStat is another in a long line of home-grown Indiana companies that have carved out valuable niches in the health care information space,” said Mark Hill, a participant in HALO and chairman of TechPoint’s board.