Nayya has raised $11 million in a Series A round led by Felicis Ventures. Here’s a look at the company and the investor. Felicis Ventures was founded by two former Google employees. Their latest fund has been oversubscribed by over two million dollars.
Nayya raises $11M Series
New York City-based insurance benefits management platform Nayya recently closed a $11M Series A funding round led by Felicis Ventures. The round was also supported by early investors including Guardian Life, the largest mutual life insurer in the US, Cameron Ventures and Unum Business Ventures. The new funding will help the company scale its team, expand its product portfolio and deepen its consumer data integrations. It also plans to accelerate its partnerships with leading employers.
The funding round is particularly relevant given the rise in medical insurance premiums and the increasing number of bankruptcies. With this new round of funding, the company will be able to scale its team in New York, expand its product portfolio, deepen consumer data integrations and build partnerships with leading employers. Currently, Nayya has reached tens of millions of consumers through its benefits platform. It recently analyzed data from a large scale 2020 open enrollment, and found key trends in consumer health benefit selections.
A company called Nayya is using AI to guide employees and employers through the insurance benefits process. In a $11 million series A round, Felicis Ventures led the investment. The company is also backed by investors such as Guardian Life, the largest mutual life insurer in the US, and Unum Business Ventures, a Fortune 500 company that insures 39 million people.
The company is based in Menlo Park, California and serves customers worldwide. Its clients include 500k+ minority students and a four-fold increase in childhood cancer survival rates. Founder Mike Walsh founded Dogpatch Labs, which launched over 350 companies. The company also helped launch Instagram.
Investor: Felicis Ventures
Felicis Ventures is an early-stage venture anxnr capital firm with a unique investment philosophy. It invests in iconic companies that are reinventing traditional markets and developing frontier technologies. The firm has a strong history of successful investments and has created more than 100 companies. Its investment philosophy is simple: reward entrepreneurs who take on significant risks.
Founded in 2006, Felicis is a venture capital firm that backs startups that are reinventing core markets and developing breakthrough technologies. The firm manages more than $2B in capital through eight funds and has backed more than 40 companies valued at $1B+. As of the end of June 2018, the firm has invested in more than 90 companies and acquired more than 40 of them. Founder Aydin Senkut, who was an outsider in venture circles 15 years ago, has been able to become a leader in entrepreneurship and venture capital. The firm has invested in a number of innovative companies such as Shopify, Canva, Ayden, and other early bets.
Its recent investments have helped the company scale to an unprecedented scale. Most recently, the firm represented Midi Health in a $14 million seed round. The company is developing a virtual care platform that helps women feel strong and healthy as they transition into midlife. Other investors included Emerson Collective, Icon Ventures, Operator Collective, and Muse Capital. Further, Felicis was also one of the early investors of the Angry Birds developer Rovio.
Animoca Brands Raised
Animoca Brands has raised $88 million, valuing the company at $1 billion. The company plans to use non-fungible tokens (NFTs) to authenticate unique digital items in video games. Its team includes game companies that pioneered the use of non-fungible tokens in video games. The new capital will be used for strategic investments, product development and licensing deals.
Animoca Brands has agreed to acquire Quidd, a digital collectible marketplace with more than 6 million registered users. The acquisition is part of the company’s strategic plan to marry blockchain technology with digital merchandise. By using blockchain to create a unique digital ID, the company hopes to ensure the rarity of items. The new funding will support strategic acquisitions, product development, and secure licenses to popular intellectual properties.
Animoca Brands has also made investments in blockchain games. Its flagship game, The Sandbox, features a utility token called SAND. In addition, it has invested in companies like Opensea and Dapper Labs. In addition, Animoca has also established new joint ventures, including AniCube with Cube Entertainment and MetaHollywood with Planet Hollywood. It has also launched various cryptocurrency projects, including the Gamee, Tower, and LMT tokens.
The current tranche
Animoca Brands recently completed a second phase of its $75.3 million funding round. The financing round was originally valued at $5.9 billion, but was extended to accommodate due diligence processes. Liberty City Ventures, Kingsway Capital, and Alpha Wave Ventures were among the investors in the current tranche. Other investors included Cosmic Summit Investments Limited and Generation Highway.
Insurance benefits management platform Nayya has raised $11 million in a series A round led by Felicis Ventures. The money will be used to scale the team and accelerate partnerships with carriers. The company uses artificial intelligence to make employee benefits more efficient.
The artificial intelligence platform that Nayya has built has the potential to revolutionize customer service. The company is currently in the beta testing phase and plans to launch the final product later this year. Another company that has developed a similar platform is Helpr, which uses chatbots to provide customer service.
The company is based in Menlo Park, California and serves customers worldwide. Its recent funding has included $2.7 million in seed funding from Social Leverage and $11 million in series A funding from Felicis Ventures. The funds will be used to develop new products and hire new talent. The startup is launching its product to help employers manage their health benefits. Studies have shown that 49% of employees find the open enrollment process stressful. Furthermore, many employees are unhappy with the plans they’ve chosen.