Nava Benefits, a NYC-based a modern benefits brokerage, raised USD40m in Series B funding.
The round was led by Thrive Capital, with participation from existing investors Avid Ventures, Quiet Capital, and Sound Ventures, as well as new investors GV, K5 Global, and Homebrew, 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 company intends to use the funds to accelerate its development efforts.
Led by Brandon Weber, Co-Founder and CEO, Nava Benefits is a modern benefits brokerage on a mission to bring 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, the company 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.
