Nava Benefits

Nava Benefits

Affordable healthcare plans leveraging technology

About Nava Benefits

Simplify's Rating
Why Nava Benefits is rated
C+
Rated D+ on Competitive Edge
Rated A on Growth Potential
Rated C on Rating Differentiation

Industries

Consulting

Enterprise Software

Healthcare

Company Size

51-200

Company Stage

Series B

Total Funding

$58.4M

Headquarters

New York City, New York

Founded

2019

Overview

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.

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Simplify's Take

What believers are saying

  • Increased demand for digital health solutions aligns with Nava's tech-driven approach.
  • The rise of telehealth services enhances Nava's virtual care offerings.
  • Employers prioritizing mental health benefits open opportunities for Nava's wellness expansion.

What critics are saying

  • Competition from digital health startups could erode Nava's market share.
  • Rapid geographic expansion may strain Nava's operational capabilities.
  • Integration challenges from acquiring Nielsen Benefits Group could disrupt service delivery.

What makes Nava Benefits unique

  • Nava partners with One Medical to streamline access to quality healthcare.
  • Nava's acquisition of Nielsen Benefits Group enhances its innovative benefits solutions.
  • The Nava Benefits App centralizes employee benefits, simplifying the healthcare journey.

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Funding

Total Funding

$58.4M

Above

Industry Average

Funded Over

2 Rounds

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Above Average

Industry standards

$35M
$40M
Nava Benefits
$45M
Linktree
$65M
Substack
$100M
ClickUp

Benefits

Health Insurance

Dental Insurance

Vision Insurance

401(k) Company Match

401(k) Retirement Plan

Stock Options

Unlimited Paid Time Off

Paid Parental Leave

Home Office Stipend

Employee Assistance Program

Mental Health Support

Growth & Insights and Company News

Headcount

6 month growth

↑ 0%

1 year growth

↑ 3%

2 year growth

↓ -6%
Nava Benefits
Sep 20th, 2024
Nava and One Medical: streamlining access to quality healthcare

navabenefits.com partnered with One Medical because their approach to healthcare aligns with its mission to eliminate barriers and make it simpler for employees to access the medical care they need.

Nava Benefits
Sep 12th, 2024
Nava and Wellhub: A partnership for comprehensive wellness

Recently, I introduced its Preferred Partnerships Program and unpacked how navabenefits.com is bringing top-tier benefits to its clients with seamless support.

Street Insider
Feb 28th, 2024
Nava Benefits Appoints Amy Frampton CMO to Support Company's Rapid Growth

Nava Benefits appoints Amy Frampton CMO to support company's rapid growth.

Street Insider
Feb 8th, 2024
Nava Benefits Named to the New York Digital Health 100 by Digital Health New York (DHNY)

Nava launched its Nava Benefits App last year to address this problem by providing employees with a single hub for their insurance ID cards, company benefits, and on demand expert support when they need it.

PR Newswire
Nov 14th, 2023
Nava Benefits Ramps Up Tri-State Presence With Appointment Of Marshall Feigenbaum

Feigenbaum brings over two decades of health insurance experience to the companyNEW YORK, Nov. 14, 2023 /PRNewswire/ -- Nava Benefits, a modern benefits brokerage focused on making great benefits easy for growing employers, today announced that benefits strategy expert, Marshall Feigenbaum, has joined the Partner team. His appointment expands Nava's presence in the New York metropolitan area and underscores the brokerage's commitment to improving the benefits experience for employers of all sizes. Marshall will utilize his healthcare and benefits expertise to lower the cost of care for employers, remove complexity in benefits administration for HR leaders, and reduce friction in the healthcare journey for employees. His appointment comes near the end of an exciting year for the company, which has seen 3x growth in the number of employees served by Nava.Marshall Feigenbaum"We're thrilled that Marshall is joining Nava," stated Bryan Davis, National Practice Leader at Nava. "It was apparent to me from our earliest discussions that Marshall shares our passion for fixing healthcare

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