Sana Benefits, an Austin, Texas-based provider of self-funded health insurance for small businesses, closed a $20.8m Series A funding.
The round led by Gigafund with participation from Trust Ventures and mark vc.
The company intends to use the funds to scale customer acquisition.
Led by CEO and co-founder Will Young, Sana Benefits covers health, vision, dental, telemedicine and maternity, in addition to benefits like ClassPass for fitness classes and more. Currently available in Texas and Kentucky, the company will expand into additional markets by 2021.