Health Tech Company Lands Venture Funding

Elevate Ventures contributed to the round of funding.

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Fishers-based Healthiest Employer LLC has closed on a $1.5 million venture financing round. Elevate Ventures led the funding, which will support the company's Springbuk employee health analytics system.

The company says Springbuk helps employers, benefit brokers and wellness vendors analyze and predict health costs by organizing medical, pharmacy, biometric and activity data of employees.

The money comes from Elevate Ventures' Indiana 21st Century Research and Technology Fund, which is a partnership with the Indiana Economic Development Corp. focusing on early-stage investments.

Last year, the company detailed plans to expand its Hamilton County operations and add up to 90 jobs by 2017. The project included a $1 million investment for new office space and software.