Modern benefits brokerage Nava Benefits today announced Kristen Malone as Vice President of Finance. With more than a decade of leadership experience managing financial operations for large companies, Kristen will help Nava build and scale its financial management, planning, and growth functions to bring benefit innovation to employers of all sizes.
For Nava Benefits CEO Brandon Weber, who grew up in northern Alaska, he always understood healthcare was financially unsafe for his blue-collar family. Despite starting his career building software and then becoming a technology entrepreneur, he always wanted to help fix the nation’s perverse healthcare system. EBN recently spoke with Morales and Weber about their respective healthcare journeys.
Armed with fresh capital, Nava Benefits hopes to take advantage of what it believes will be a disruption in the way smaller businesses approach health and wellness benefits, including the many digital tools now on the market.
Nava Benefits has raised $40 million in a Series B round led by Thrive Capital, a venture capital firm in New York. The investment, disclosed in early June, builds on the $20 million Nava raised in seed and Series A rounds.
Nava Benefits today announced the completion of a $40 million Series B funding round led by Thrive Capital, with participation from existing investors Avid Ventures, Quiet Capital, and Sound Ventures.
"It often feels like buying a used car, or trying to rent an apartment in a popular NYC neighborhood — the other parties have all of the information, while I’m flying blind, up against a deadline and need to make a decision."