Nayya, a NYC-based insurance benefits experience and management platform, closed an $11M Series A funding round.
The round was led by Felicis Ventures, with participation from Social Leverage, Guardian Life, Cameron Ventures and Unum Business Ventures.
The company intends to use the capital to grow the team in New York and across the country, expand its product portfolio into additional lines of insurance, deepen its consumer data and HCM (Human Capital Management) integrations, and accelerate partnerships across leading employers, carriers and brokers.
Founded by Sina Chehrazi and Akash Magoon in 2019, Nayya leverages billions of datasets across the healthcare and insurance industries to eliminate the complexity of benefits selection and help consumers choose and utilize the right personalized benefits plans throughout the year. Customers and partners include insurance carriers, such as Guardian, Unum, and American Public Life, benefit administrator Selerix, dozens of national employers. Nayya also has existing alliances with several of the ten largest brokerage firms in the country, including Acrisure’s leading voluntary benefits division.