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Ideon
Insurtech infrastructure API platform
- 101-200 employees
- B2B
- HR
- Insurance
- SaaS
- API
- Data Sharing
- Flatiron District, New York, NY
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Company mission
To connect the health insurance and employee benefits ecosystem. Faster. Better. Awesomely.
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.
Insurance providers like MetLife, Principal, and Guardian are amongst these, as are popular HR and benefits platforms like Sequoia, Gusto, and Namely.
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
Benefits
- Pre-tax commuting benefits. Home office allowance so you can work comfortably wherever you are.
- Remote or hybrid work for the majority of positions (role dependent).
- Healthcare and dependent care FSA (Flexible Spending Account).
- 401(k) with company matching and immediate vesting.
- Flexible PTO policy: take time off without worrying about accruals or carryovers.
- 100% company-paid medical and dental for you and your dependents.
Company values
- Take responsibility – We hold ourselves to a high standard and demonstrate our commitment to transparency and accountability in all that we do.
- Build to transform – We are curious in nature, ambitious in our solutions, and diligent in our processes.
- Embrace your grit – We will do what it takes to get the job done and remain confident that this hard work pays off.
- Be thoughtful – Ideon is a place of ideas and opinions. All are welcome. We are mindful and intentional in our interactions, presenting our work and ideas clearly and with our audience in mind.
- Think big and geek out often – As change-makers, we are constantly questioning, creating, testing, and tweaking. A big part of that work requires that we remain flexible to new challenges, and dig deep for the root cause over easy answers
Funding (last 2 of 6 rounds)
Jun 2023
$20m
EARLY VC
Apr 2021
$22.7m
SERIES B
Total funding: $53.8m
Leadership
Michael Levin
(CEO)Former Interim Chief Operating Officer at Affiliates Risk Management Services, Inc. Prior to this they founded and spent eleven years as printing manufacturing company Media Sciences.
Dan Langevin
(CTO)Was previously CTO of legal services startup Lawdingo and marketing SaaS company Lifebooker.