What is TPA Steam?
Founded in 2014 and headquartered in Cleveland, Ohio, TPA Stream operates a web-based platform designed to service third-party administrators, health plans, and financial institutions. The company's software aims to streamline efficiencies across all facets of healthcare administration, addressing critical needs within the complex health insurance ecosystem. This focus positions TPA Stream as a key player in the health insurance administration software market, offering solutions that enhance operational performance for its clients.
How much funding has TPA Steam raised?
TPA Steam has raised a total of $2.4M across 3 funding rounds:
Angel/Seed
$800K
Angel/Seed
$1.4M
Debt
$150K
Angel/Seed (2018): $800K with participation from North Coast Angel Fund
Angel/Seed (2019): $1.4M led by North Coast Angel Fund
Debt (2020): $150K supported by PPP
Key Investors in TPA Steam
North Coast Angel Fund
North Coast Ventures is an investment firm that focuses on early-stage entrepreneurs, particularly in the SaaS sector. They provide access to intellectual capital through a member network and facilitate connections with corporate decision makers.
PPP
Public-Private Partnership
Undisclosed Investor
Undisclosed investor participating in the funding round.
What's next for TPA Steam?
With a history of securing significant capital, including angel, seed, and debt financing, TPA Stream appears poised for continued expansion. The recent major strategic investment, coupled with the overall enterprise-level funding context, suggests a strategic push towards scaling operations, enhancing product development, and potentially broadening market reach. The company's focus on efficiency in healthcare administration aligns with industry trends demanding greater technological integration and cost-effectiveness.
See full TPA Steam company page
