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Nava Benefits Raises $40 Million To Bring The Big Company Benefits Playbook To Small And Medium-Sized Businesses

Jun 08, 2022•over 3 years ago

Amount Raised

$40 Million

Description

Nava Benefits today announced the completion of a $40 million Series B funding round led by Thrive Capital, with participation from existing investors Avid Ventures, Quiet Capital, and Sound Ventures. New investors GV, K5 Ventures, and Homebrew also participated, alongside One Medical Founder, Tom Lee; the former CBRE Global Chief Financial Officer, Jim Groch; and Maven Clinic's VP of Sales, Isha Vij. The infusion of capital will be used to accelerate Nava's efforts to bring the benefits playbook of Fortune 500 companies downstream to SMBs, improving healthcare literacy support for the employee while driving down costs for the employer.

Company Information

Company

Nava Benefits

About

Nava Benefits is a modern benefits brokerage on a mission to bring high-quality, affordable healthcare to all Americans, starting with the 49% who receive insurance through their employers. With the Nava Benefits Search Engine, employers can discover and learn about 600+ providers across 28 benefits categories, backed by reviews from fellow HR professionals. By partnering with healthcare and benefits advisors from the country's largest companies, Nava packages their insights, tools, and best practices into a scalable, unified service offering that has helped smaller employers save 8-22% on their benefits plans. Nava is also a recipient of Inc's Best Workplaces 2022. For more information, visit www.navabenefits.com.

Funding Insights

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