Employee Navigator raised a $34 million growth equity round for its benefits and HR platform. The firm works with insurance brokers, payroll providers, and benefits administrators. The benefits market in US has a massive spend and any efficiency to the process or differentiator within the ecosystem has room for growth.
The benefits category saw $258 million invested in 2020. Get the details in the 2020 Global HR Tech VC Lookback.
(Employee Navigator)… has expanded its offerings to partner with the nation’s leading insurance carriers, payroll companies, and third-party administrators (TPAs) to provide a unified benefits and HR solution.
from employee navigator’s announcement
Source: Employee Navigator Raises $34M in Equity Financing | FinSMEs