Brella Insurance, Inc. (FKA Clara Insurance), a provider of a health insurance plan for Texas-based employers and their teams, raised an additional $1.5M, bringing their total funding to over $7M.
Backers included new investors Digitalis, Operator Partners, the investment group that includes Zach Weinberg and Nat Turner of Flatiron Health, as well as angel investor Ron Bouganim. They joined existing investors Two Sigma Ventures, Founder Collective, SymphonyAI, and RGAx, among others.
Founded in 2019 by Veer Gidwaney, former CEO and co-founder of Maxwell Health, Brella aims to allow employers to enhance their employee benefits with a supplemental plan that covers more and complements their health insurance. Its supplemental health insurance plan pays cash if people are diagnosed with any of 13,000+ covered conditions—many of which are common complications of COVID-19.
The company has already partnered with RGAx and Greenhouse Life Insurance Company, subsidiaries of Reinsurance Group of America (RGA), one of the largest global life and health reinsurance companies, to bring its solution to the employee benefits market.
Brella is also actively engaging brokers and employers in Texas.