Ideon
Data management and connectivity solutions to advance the health and benefits industry
- 101-200 employees
- B2B
- HR
- Insurance
- SaaS
- API
- Data Sharing
- Flatiron District, New York, NY
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Company mission
To help insurance carriers and technology platforms improve the consumer experience, drive more revenue, enable smarter decisions, and increase timely access to care.
3% employee growth in 12 months
Our take
Ideon, which rebranded from Vericred in 2022, offers an API platform to allow for better data exchange between insurers, employee benefits providers, and HR platforms. In effect, Ideon builds infrastructure to power better customer experiences in purchasing, enrollment, and management of benefits.
Ideon’s trajectory since its 2015 launch has been in keeping with the expansion of the Insurtech industry as a whole, which is growing by over 40% annually. By positioning itself as the connecting point between insurers, brokers, HR teams, and employees, Ideon has been able to attract plenty of well known users.
Since receiving major funding ahead of its rebrand, Ideon has been focusing heavily on expanding its employee headcount, as well as its executive team, in a bid to meet the growing demand for its APIs.
Freddie
Company Specialist at Welcome to the Jungle
Funding (last 2 of 6 rounds)
Jun 2023
$20m
EARLY VC
Apr 2021
$22.7m
SERIES B
Total funding: $53.8m
Leadership
Dan Langevin
(Co-Founder & CTO)Was previously CTO of legal services startup Lawdingo and marketing SaaS company Lifebooker.
Steve Swad
(CEO)Previously the President and COO at Apptopia. They also spent 9 years at Benefitfocus, in various roles including CFO, CEO and President.