Spark Advisors, a NYC-based technology-enabled brokerage that partners with independent agents to deliver a concierge service for navigating retirement benefits, raised $3.6m in funding.
The round was led by Primary Ventures with participation from Vine Ventures and Torch Capital.
The company intends to use the funds to recruit hundreds of new agents and expand its consumer roadmap into more health and personal finance support areas while adding to its suite of agent tools.
Led by James Jiang, co-founder and CEO, Spark combines a network of local, expert agents and an agent platform to provide concierge-level service for retirees to maximize their benefits and stay in control of their health.
The platform gives agents everything they need to run a modern agency, with quoting & enrollment, marketing, client engagement, and compliance all in one place. The platform standardizes client health and benefits data to automate and personalize member services, such as generating automatic plan and drug cost comparisons or recommending supplemental benefits.
Spark is currently licensed in 18 states and contracted with all the major Medicare, life insurance, and supplemental health insurance carriers serving the retiree market. Since launch, the company is already serving over three thousand members as their trusted retirement advisor.