Nayya, a leading insurance benefits experience and healthcare management platform, today announced that it has raised $37M in Series B financing, co-led by SVB Capital and ICONIQ Growth, with participation from investors including: Bow Capital, Felicis Ventures, Social Leverage and SemperVirens. Returning insurance company investors include Guardian Strategic Ventures and Unum Business Ventures, alongside health insurer CNO Financial Group. This latest raise brings Nayya’s total funding to just under $50M.
We are committed to improving the healthcare experience for employees. Employee financial wellness is more important than ever, with employee health being the largest driver. This new capital will accelerate the growth of Nayya’s ‘system of influence,’ within ‘systems of record’ across the United States. Once employees can fully understand their benefits and become confident consumers of healthcare, we can build a much stronger, much more efficient market,” said Sina Chehrazi, Co-Founder and CEO at Nayya. “We are very excited to welcome SVB Capital and ICONIQ Growth, firms with deep data and software experience, as we continue to expand our footprint and growth strategy.”
Nayya is a software and data infrastructure company transforming the way employees choose and use their benefits, driving better financial outcomes for employees and employers. Nayya will introduce its newly enhanced user experience, with even more financial recommendations and personalized benefits risk scoring. The new experience will estimate annual healthcare spend for each employee, so they can make data-driven decisions as they select their health plans and benefits.
Announcement: Nayya Raises $37 M for Healthcare Benefits