Nava, a NYC-based employee benefits brokerage, raised $20m in financing. Thrive Capital made the investment.
Nava’s unified benefits offering combines modern healthcare tools, year-round employee advocacy, and ongoing measurement to improve employee engagement and drive down costs for small-to-midsized companies.
“In our conversations with hundreds of employers across America, we saw scattered examples where mission-oriented consultants, when armed with the right resources, transformed benefits programs, saving employers 20-40% while at the same time dramatically improving the employee experience. These insights led us to the view that the benefits broker could be the most critical change agent in the American healthcare system as they are the de facto buyer of health and related benefits for 160 million Americans who are covered by an employer,” said Brandon Weber, co-founder and CEO of Nava. “We now know that the tools and playbooks for transformation exist, and Nava aims to bring them to the market, at scale.”