Nava Benefits

Nava Benefits

Affordable healthcare plans leveraging technology

About

Nava Benefits specializes in leveraging technology and in-depth insurance expertise to deliver healthcare plans that are both cost-effective and high-performing for employers and employees. This focus on affordable healthcare solutions not only promotes a healthier workforce but also supports businesses in managing their healthcare spending efficiently. Employees at Nava Benefits enjoy a collaborative environment where innovation in employee benefits is actively pursued, making it an excellent place for professionals passionate about transforming healthcare delivery and improving well-being on a large scale.

Company Stage

Series B

Employees

51-200

Industries

Consulting, Enterprise Software, Healthcare

Total Funding

$58.4M

Headquarters

N/A

Founded

2019


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Simplify's Take

What believers are saying

  • Rapid growth and expansion into key markets like the Tri-State area and Southern California indicate strong business momentum.
  • The appointment of experienced leaders like Amy Frampton and Patrick Kehoe suggests a robust leadership team capable of driving further growth.
  • Innovative solutions like the Nava Benefits App and Member Experience offering simplify benefits management, potentially increasing employee satisfaction and engagement.

What critics are saying

  • The competitive landscape of benefits brokerage is crowded, making it challenging to maintain differentiation.
  • Rapid expansion and multiple acquisitions may lead to integration challenges and operational inefficiencies.

What makes Nava Benefits unique

  • Nava Benefits focuses on mid-sized employers, offering a specialized approach that larger, more generalized benefits brokers may overlook.
  • The Nava Benefits App provides a centralized hub for employees to manage their benefits, a feature not commonly found in traditional benefits brokerage services.
  • Their strategic acquisitions, such as Nielsen Benefits Group and i2, enhance their technological and consulting capabilities, setting them apart from competitors.

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Growth & Insights
Headcount

6 month growth

6%

1 year growth

25%

2 year growth

63%

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