What is HighRoads?
Founded in 1999 and headquartered in Burlington, Massachusetts, HighRoads provides a sophisticated cloud-based platform designed to streamline the configuration and distribution of health care products. By enabling organizations to manage complex plan data and sell innovative offerings on-demand across diverse channels, the company serves as a critical technological backbone for health care providers and payers. Its market position is defined by its ability to simplify the intricate regulatory and operational requirements inherent in health insurance product management, effectively bridging the gap between legacy systems and modern, consumer-centric digital experiences.
How much funding has HighRoads raised?
HighRoads has raised a total of $26.3M across 9 funding rounds:
Series C
$1.5M
Debt
$3M
Debt
$600K
Private Equity
$3.7M
Private Equity
$3M
Private Equity
$2M
Debt
$1M
Series C (2008): $1.5M supported by ABS Ventures, Kodiak Venture Partners, RBC Venture Partners, and Egan-Managed Capital
Debt (2009): $3M, investors not publicly disclosed
Debt (2010): $600K, investors not publicly disclosed
Private Equity (2014): $3.7M with participation from ABS Ventures, Kodiak Venture Partners, Clarkston Merchant Partners, and Egan-Managed Capital
Private Equity (2015): $3M, investors not publicly disclosed
Private Equity (2016): $2M, investors not publicly disclosed
Debt (2020): $1M featuring PPP
Key Investors in HighRoads
Kodiak Venture Partners
Founded in 1999, Kodiak manages three funds totaling $676M and targets companies in North America. Kodiak focuses on seed and early stage investments in emerging communications/wireless, semiconductor/equipment, software/services, internet/new media, and life technology companies.
Egan-Managed Capital
Egan-Managed Capital is a New England focused venture capital firm that provides funding for early-stage high-technology start-ups. Egan-Managed Capital delivers field-tested strategies, first-hand technology expertise and hands-on management involvement.
ABS Ventures
ABS Ventures specializes in mid-stage technology investments, providing growth capital and shareholder liquidity to exceptional management teams. With over 25 years of experience, they actively engage in board involvement to help build industry-leading companies.
What's next for HighRoads?
Following the latest major strategic investment, HighRoads is well-positioned to accelerate its product roadmap and expand its footprint in the enterprise health care market. The company's trajectory suggests a focus on enhancing its cloud-native capabilities to meet the increasing demand for agile, on-demand health care solutions. By leveraging its established history of institutional support, HighRoads is expected to prioritize the integration of advanced analytics and automated configuration tools, further cementing its role as an essential partner for organizations seeking to optimize their product lifecycle management in an increasingly digitized health care economy.
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