What is HighRoads?
HighRoads is a product and plan management company that leverages cloud-based technology to enable customers to configure and sell innovative healthcare products on-demand through any channel. Founded in 1999 and headquartered in Burlington, Massachusetts, HighRoads empowers businesses to streamline their healthcare product offerings, catering to both individual and corporate clients. The company's technology is designed to provide flexibility and efficiency in the complex landscape of healthcare product management.
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, Clarkston Merchant Partners, Kodiak Venture 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
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.
Kodiak Venture Partners
Founded in 1999, Kodiak focuses on seed and early stage investments in emerging communications/wireless, semiconductor/equipment, software/services, internet/new media, and life technology companies. Kodiak's partners are successful high-technology business entrepreneurs who take a hands-on approach to building market leaders.
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.
What's next for HighRoads?
The consistent flow of enterprise-level funding and strategic investments into HighRoads suggests a company poised for significant scaling and market penetration. The company's focus on cloud-based solutions for healthcare product management positions it to capitalize on the increasing demand for efficient and adaptable systems in the healthcare industry. Future developments are likely to involve further technological innovation and expansion of its service offerings to meet evolving market needs.
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