Lumity, a San Mateo, CA – based technology-driven benefits solution for companies, raised $19M in Series B funding.
The round was led by DFJ, with participation from current investors Social+Capital Partnership and True Ventures. In conjunction with the funding, DFJ Partner, Josh Stein, will join Lumity’s Board of Directors.
The company will use the funds to expand its benefits advisory practice and technical and back office teams.
Led by Tariq Hilaly, co-founder and CEO, Lumity provides a solution that offers a modern benefits program, which includes data insights, technology, and dedicated support and expertise.
Its data insights and health risk modeling enables employers like Lyft, Greenhouse, and GoFundMe, among others, to understand the optimal benefits funding choices at every lifecycle of their business.