Lumity, a San Mateo, Calif.-based provider of a healthcare and benefits analysis platform, raised $14m in Series A round of funding.
The round was led by The Social+Capital Partnership with participation from True Ventures and Rock Health. As part of the funding, Mamoon Hamid, general partner at The Social+Capital Partnership, joined Lumity’s board.
The company intends to use the funds to scale the rollout of its data-driven benefits platform.
Led by Tariq Hilaly, co-founder and CEO, Lumity provides SMBs with a SaaS platform that optimizes employee health plans through data and predictive analysis. As a broker, the company monetizes through insurance commissions and provides its software and professional services at no additional cost to its customers.