Healthentic, a Seattle-based health tech startup, announced today that it received $3.75 million in its latest round of equity financing. The new round of investment brings the company’s total funds raised to almost $20 million since its founding in 2008.
The funds will be put towards product development and go-to-market efforts for the company, which uses analytics to identify health savings opportunities for employers. Healthentic offers two products: the Population Health Dashboard and Dental Action Report.
Each allows employers to visit one place to analyze the health of their employees and set goals for health across their organization. It’s a way for companies to cut healthcare costs by easily tracking insurance claim data that can often be confusing to interpret otherwise.
“This company has a solid user base, a great go-to-market business model, and is ready to scale,” Jim Dwyer, the president and chief executive officer of WDS Holdings in Seattle and chair of Healthentic’s board of directors, said in a press release. “We’ve seen the value Healthentic brings to employers. That’s why we’re investing.”
Right now, Healthentic has 23 employees and more than 10,800 corporate clients across a wide variety of industries. Its investors include Corvesta, Hawaii Dental Service, WDS Holdings, and WYSSTA Investments.