Health care data analytics company Trella Health anticipates that it will double in size by the end of 2022 following a funding round the company described as “significant.” Investment firm Cressey & Company led the round. Dollar amounts for the round were undisclosed.

Atlanta-based Trella Health provides market intelligence to companies in the post-acute care space, including direct contracting entities, accountable care organizations and care providers. The U.S. Centers for Medicare & Medicaid Services (CMS) has deemed Trella as a Qualified Entity and an Innovator through its Virtual Research Data Center Program.

“We’re thrilled to partner with Trella. They have built an exceptional company that sits at the intersection of health care’s transition to value-based care and the industry’s need for actionable data to improve quality and outcomes,” said Dave Rogero, partner at Cressey. “We look forward to working with Trella and Panoramic to accelerate Trella’s expansion plans.”

Brentwood Capital Advisors LLC served as financial advisor and Nelson Mullins Riley & Scarborough LLP served as legal counsel to Trella during the funding round. In addition to Cressey, Trella’s current lead investor Panoramic Ventures participated in the round.

The infusion of capital will extend Trella’s growth trajectory, which has accelerated in recent years. The company has doubled its annual recurring revenue and increased its number of employees by 40% since early 2020.

The company’s expansion plans include developing new products, increasing data capabilities, growing its workforce, and pursuing acquisitions, according to J. Scott Tapp, president and CEO for Trella.

Tapp joined Trella in April 2020 as president and chief operating officer. He took the helm as CEO in September of this year.

“It’s really exciting for us to attract and partner with one of the leading health care investors in the country. And it’s a true testament to the significant impact we’re making in the health care industry and for the customers we serve,” Tapp said. “This is a huge milestone in the accelerated growth of our business.”