Springbuk provides employer-facing health intelligence software used by employers, benefits consultants, onsite clinics, TPAs, and wellness vendors to lower healthcare costs by harnessing health data. The company was founded in 2015 and is based in Indianapolis. Today, over 1,000 employers use Springbuk’s software to access actionable insights to improve their populations’ health. Springbuk intends to use its recent funding to accelerate growth and expand its product and market reach. The company also plans to add more than 100 high-tech jobs to the Indianapolis area by 2020 as part of its expansion. Springbuk provides a cloud-based health intelligence platform that unifies complex and disparate data sources—medical claims, pharmacy, biometric, payroll and activity data—to deliver timely analytics for HR, benefits and wellness teams. The platform enables employers to measure health programs, identify at-risk members and target engagement to improve outcomes and maximize healthcare dollars. Springbuk reports its platform is currently used by nearly 500 employers representing 500,000 individuals, and the firm also collects corporate health data from over 18,000 employers representing over 60 million employee lives. The company says it is built on front-line expertise from working with over 6,000 Healthiest Employers nationally. Management positions the product to address a large U.S. corporate wellness market (cited at $31 billion) and the widespread inability of employers to measure ROI on wellness (77% per a 2015 survey). Following the fundraise, Springbuk plans to invest in strategic hiring and product innovation to drive further adoption.

Total raised

$24M

Funding rounds

2

Latest round

Series B

Latest activity

Jan 2018