TPA Stream, a Cleveland-based provider of health care benefits automation, has closed a $1.4 million seed funding round, led by North Coast Angel Fund.
The investment is expected to be used to strengthen sales and marketing efforts as TPA Stream moves into its next stage of growth. Additional investors include JumpStart, Plug and Play, Tamiami Angels and individual angel investors.
TPA Stream uses proprietary technology to streamline health care administration activities, helping to bridge the gap between disparate data sources and reduce both time and cost for third-party administrators, health plans, financial institutions, and payroll vendors. TPA Stream is currently being used by 75 companies across the country.
