Mployer Advisor raises $1.6 million

Mployer Advisor, the platform for employers to research, review and evaluate insurance brokers, has secured an additional $1.6 million in funding from Martin Ventures and other investors. This is the second round of funding Martin Ventures has led in Mployer Advisor in the past twelve months. This new round of funding will enable Mployer Advisor to deploy new features on its platform, hire additional leadership roles and expand its insurance broker and carrier network.

Launched in early 2020, Mployer Advisor offers employers access to “84,000+ A.I.-driven benefit design data points to use in negotiating and planning,” “15,000+ detailed brokerage profiles including employer experience,” and “25,000+ peer employer reviews of brokers.”

“Mployer Advisor is changing the way employers purchase over $1 trillion in benefits each year. We are excited to partner with the leadership team and other investors to grow and scale Mployer Advisor nationally.” – Devin Carty, CEO of Martin Ventures.

“This investment will accelerate Mployer Advisor’s mission to create greater transparency for employers into their $1 trillion benefit spend annually and connect them with the right resources to achieve high-quality, cost-effective benefits. Few employers realize that who they select as their insurance broker has a more significant impact on cost and quality than who they select as their carrier. We are fortunate to be partnering with the Martin Ventures team and other industry leaders to drive value to employers and top brokers.” – Brian Freeman, founder and CEO of Mployer Advisor.