Venture capital firm Noro-Moseley Partners has made an investment in a Memphis-based software firm.

Noro-Moseley and SSM Partners, which is based in Memphis, co-led a $5 million deal in RemitDATA.

RemitDATA has developed software designed to help healthcare providers get payments from insurers.

The company, formed by Bently Goodwin and Michael Sanderson, was launched at a business incubator known as Emerge Memphis.