Indianapolis’ Springbuk raises $20 million for its employer-facing health analytics software

Springbuk, an Indianapolis-based provider of health intelligence software, announced today that it has raised a $20 million series B round. The round was led by HealthQuest Capital and Echo Health Ventures. St. Louis-based Lewis & Clark Ventures and Indianapolis-based Elevate Ventures also participated in this round.

According to Crunchbase’s data, Springbuk’s series B is the largest raised by an Indianapolis company since media startup The Odyssey raised a $25 million series B in 2015. It’s a positive development in an area (the Midwest) where scale-up capital has traditionally been hard to come by.

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