Navera, a San Francisco, CA-based provider of benefits engagement solutions, secured $8m in Series B funding.
The round was led by Bill Ericson, General Partner at Mohr Davidow Ventures (MDV), with participation from existing investor Gordon Ritter of Emergence Capital Partners. As a result of this financing, Bill Ericson will join the Navera Board of Directors.
The company, which has raised $16m since inception, intends to use the funds to accelerate product and channel development.
Led by Steve L. Adams, CEO, Navera provides a cloud-based benefits engagement service that enables consumers to select the healthcare and voluntary benefits that most closely match their needs. Users have access to a personalized consumer experience that provides a better understanding of benefit options and how they work together to provide and make well-informed decisions.