Nava Benefits, an NYC-based fashionable advantages brokerage, raised USD40m in Sequence B funding.
The spherical was led by Thrive Capital, with participation from present traders Avid Ventures, Quiet Capital, and Sound Ventures, in addition to new traders GV, K5 World, and Homebrew, alongside One Medical Founder, Tom Lee; the previous CBRE World Chief Monetary Officer, Jim Groch; and Maven Clinic’s VP of Gross sales, Isha Vij.
The corporate intends to make use of the funds to speed up its growth efforts.
Led by Brandon Weber, Co-Founder and CEO, Nava Advantages is a contemporary advantages brokerage on a mission to deliver inexpensive healthcare to all Individuals, beginning with the 49% who obtain insurance coverage by way of their employers. With the Nava Advantages Search Engine, employers can uncover and study 600+ suppliers throughout 28 advantages classes, backed by critiques from fellow HR professionals. By partnering with healthcare and advantages advisors from the nation’s largest corporations, the corporate packages their insights, instruments, and greatest practices right into a scalable, unified service providing that has helped smaller employers save 8-22% on their advantages plans.