Zane Benefits, a Salt Lake City-based provider of individual health insurance reimbursement software for small businesses, closed $1.5m equity financing.
Backers included Kickstart Seed Fund and Royal Street Investment and Innovation Center.
The company intends to use the funds to accelerate revenue growth and the completion of its software platform.
Led by Rick Lindquist, President & CEO, Zane Benefits provides companies with proprietary software to offer a health benefit program that reimburses employees for individual health insurance plans bought in the consumer marketplace.
Today, the company serves over 20,000 customers.
Zane, which currently employs over 50 people, is hiring.