15 fundings; $550M+ invested in NYC startups in the past week. NYC Tech News for the week ending 6/5 featuring news for Hungryroot, Stablix, and much, much more.
Guardian Strategic Ventures
85% of employees indicated that they would welcome assistance when it comes to navigating their benefits in order to make educated choices. However, most HR and benefits teams don’t have the capacity to be a full-time resource in this regard, creating a significant pain point. Nayya is a software and data infrastructure startup that uses data science and AI to empower employees to make the right decisions, based on their individual circumstances, when it comes to choosing and managing their benefits. Sitting at the intersection of HR, insurtech, and big data, the company takes billion of data points, claims data, and combines them with other data integrations to present a data-driven engine that can be used for decisioning for enrollment, new employee onboarding, and ongoing claims management. Leveraging Nayya’s platform yields a better experience for employees and employers, while driving better financial outcomes for both. AlleyWatch caught up with CEO and Cofounder Sina Chehrazi to learn more about how Nayya is transforming the experience of selecting and managing benefits with AI, the company’s strategic plans, latest round of funding from investors that include SVB Capital, ICONIQ Growth, Felicis Ventures, Bow Capital, Social Leverage, SemperVirens, Guardian Strategic Ventures, Unum Business Ventures, and CNO Financial Group.
The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 6/4/2021 featuring funding details for Hungryroot, New Stand, and much more.
The rush to digital is reshaping the health insurance market. Incumbents are making investments in digital to defend their positioning while a new crop of entrants is looking to disrupt the industry with technical savvy. Vericred has positioned itself at this crossroads with its data exchange and technology platform for insurers with a robust of APIs to reduce administrative and medical costs while also leading to revenue growth. The company’s infrastructure platform allows insurers to deliver digital experiences and services, improve sales tools, manage member relations, and more. The company views itself as providing the pipes that are powering the new digital insurance economy to meet the needs of consumers, brokers, employers, and employees alike with smart solutions. AlleyWatch caught up with CEO and Cofounder Michael Levin to learn more about the adoption of digital within the insurance and benefits industry, the company’s strategic plans, latest round of funding from investors that include Aquiline Technology Growth, Echo Health Ventures, MassMutual Ventures, Guardian Strategic Ventures, Riverside Acceleration Capital, FCA Venture Partners, and First Health Capital Partners
The Weekly Notable Startup Funding Report takes us on a trip across various ecosystems in the US, highlighting some of the notable funding activity in the various markets that we track. The notable startup funding rounds for the week ending 4/19/21 featuring funding details for Degreed, EcoCart, and twenty-two other rounds that you must know about.
NYC Tech News for the week ending 7/11 including the NYC startup fundings, NYC startup exits, and NYC Tech events including news for Butler Hospitality, CALA, Kindbody, and much more…