Nayya raises $55 million

New York-based insurance benefits platform Nayya closed a $55 million Series C funding round led by existing investor ICONIQ Growth, bringing its total funding to $106 million.

ICONIQ Growth was joined by new investors Transformation Capital along with existing investors Felicis Ventures and SemperVirens. As part of the financing deal, Mike Dixon from Transformation Capital will join the company as a Board Observer.

Founded in 2019, the startup looks to simplify the process of choosing and understanding an employer-provided healthcare plan. The product helps employees find the plan that is right for them by asking a series of questions about lifestyle, health, location, etc. Nayya then looks at the various plans provided by the employer to show which one best matches the user’s particular lifestyle and budget.

Its insurance partners include Acrisure, Colonial Life, and Unum; to name a few.