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Indianapolis health analytics company lands nearly $4M in VC

May 19, 2016

Springbuk Inc., an Indianapolis-based health analytics company, announced Thursday that it raised $3.75 million in venture capital.

The software company, which has offices at 8465 Keystone Crossing, said it plans to use the money to fuel strategic hiring and product innovation. The venture round was led by St. Louis, Missouri-based Lewis & Clark Ventures.

The company said its cloud-based platform unifies complex and disparate data frequently used by human resources and wellness managers, including medical claims, pharmacy, biometric, payroll and activity data.

The company was founded in January 2015 and has 500 corporate users, representing about 500,000 employees.

It currently has 20 employees, with plans to add 17 workers in 2016 and 22 in 2017.

“In 2015, we launched a platform to help employers make better decisions about where to invest in the health of their employees,” Rod Reasen, Springbuk’s CEO and co-founder said in written remarks. “We’ve already proven that employers are ready to put data and predictive intelligence to work. With this new investment, we can help more employers measure and target their investments, so they can maximize their health care dollars.”
 

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