California startup PokitDok is in the midst of raising another $7.5 million that will support further expansion, according to an SEC filing.
The company, started in 2011, has developed an API platform that parses claims data, which can then be used by third-party developers, health systems, insurers or employers looking to track in real time the life of a claim to see how efficient or inefficient certain services may be.
Meghan Roman, a spokeswoman for PokitDok, said the funds will be used to continue “national expansion,” including giving providers “an ecommerce-enabled storefront with new capabilities; to give consumers a wider array of choices when they shop for providers and price out treatment options; and then drive the adoption of PokitDok Platform.”
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The company is headed by CEO Lisa Maki. Its CTO is Ted Tanner. It raised $4 million last year and launched its API platform recently. So far, it has raised another $1.35 million, with another $6.135 million remaining from the issuance of debt securities, according to the Form D filing.
PokitDok investors include New Atlantic Ventures, Rogers Venture Partners, Subtraction Capital and New Ground Ventures GP, LLC.
A number of other startups are working on similar platforms, among them Castlight Health.
