2024 Revenue
$8.1M
Customers
300
Funding
$34.1M
YOY
26.5%
Avg ACV
$26.9K
Team
109
Founded
2014
How Vericred CEO Michael Levin grew to $8.1M revenue and 300 customers in 2024.
Developer of a data platform intended for the digital distribution of health insurance and employee benefits. The company's platform comprises plan design and rate data, provider-network data and formulary data, enabling insurtech and digital health companies to solutions for rapidly changing data that currently exists in non-standard and non-structured formats.
Last updated
Vericred Revenue
In 2024, Vericred's revenue reached $8.1M. The company previously reported $6.4M in 2023. Since its launch in 2014, Vericred has shown consistent revenue growth.
| Year | Milestone | Quote |
|---|---|---|
| 2024 | Vericred Hit $8.1m revenue in October 2024 | |
| 2023 | Vericred Hit $6.4m revenue in December 2023 | |
| 2021 | Vericred Hit $5.2m revenue in April 2021 | |
| 2014 | Launched with $0 revenue |
Vericred Valuation, Funding Rounds
Vericred has not publicly disclosed its valuation. The company has raised $34.1M in total funding to date.
Vericred has raised $34.1M in total funding across 5 rounds, with its most recent round in 2021.
| Year | Round | Amount | Valuation | % Sold | Quote |
|---|---|---|---|---|---|
| 2021 | Funding round | $23M | - | - | |
| 2019 | Funding round | $1.2M | - | - | |
| 2017 | Funding round | $5.5M | - | - | |
| 2016 | Funding round | $3.1M | - | - | |
| 2014 | Funding round | $1.3M | - | - |
Founder / CEO
Michael Levin
CEO
Founded in 2014, Vericred provides a complete and accurate health insurance data platform which includes benefit design and rate data, provider-network data and formulary data. He is responsible for creating the company’s vision and strategic direction. Vericred serves the health insurance industry with a mission to enable innovation in healthcare through data. As an advocate for healthcare transparency and choice, he was recently named one of the top ‘30 People to Watch in 2017’ by Employee Benefit Advisor and spoke on the Data Aggregators panel at InsureTech Connect in 2016. Before founding Vericred, he served as Chief Operating Officer for Affiliates Risk Management Services (ARMS), an insurance, risk management and e-learning services provider for healthcare professionals. He recruited a new leadership team, transformed and upgraded financial operations and audit systems, and led business plan development. He also founded Media Sciences, Inc. to disrupt the aftermarket color printer supply business, bringing quality, value and choice to a market dominated by expensive, proprietary supplies. Today and throughout his career, he continue to drive innovation, bringing quality and choice to new markets.
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
Vericred serves 300 customers.
Vericred Employees & Team Size
Vericred employs approximately 109 people as of 2026. It serves 300 customers that rely on its solutions.
| Year | Milestone |
|---|---|
| 2024 | Reached 109 employees (December 2024) |
| 2024 | Reached 109 employees (October 2024) |
| 2023 | Reached 109 employees (December 2023) |
| 2022 | Reached 114 employees (December 2022) |
| 2021 | Reached 106 employees (December 2021) |
| 2021 | Reached 67 employees (April 2021) |
Frequently Asked Questions about Vericred
What is Vericred's revenue?
Vericred generates an estimated $8.1M in annual revenue.
Who founded Vericred?
Vericred was founded by Michael Levin.
Who is the CEO of Vericred?
The CEO of Vericred is Michael Levin.
How much funding does Vericred have?
Vericred raised $34.1M across 5 rounds.
How many employees does Vericred have?
Vericred has 109 employees.
Where is Vericred headquarters?
Vericred is headquartered in New York, New York, United States.
Compare Vericred to the industry
Vericred operates across multiple industries. Browse revenue, funding, and growth data for Vericred in each sector below.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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