Nava

About Nava

Nava Benefits is a full-service benefits brokerage that utilizes a digital platform to streamline benefits administration, offering year-round support, real-time deductible tracking, and personalized plan recommendations. By enhancing the employee experience and reducing administrative burdens, Nava helps HR teams save an average of 40 hours per month while improving overall benefits satisfaction.

```xml <problem> Many companies struggle with the complexities of managing employee benefits, leading to administrative burdens for HR teams and a frustrating experience for employees trying to understand and utilize their benefits packages. Traditional benefits brokerages often lack the technology and ongoing support needed to streamline benefits administration and improve employee satisfaction. </problem> <solution> Nava Benefits offers a full-service benefits brokerage solution powered by a digital platform designed to simplify benefits administration and enhance the employee experience. Their platform provides year-round support, real-time deductible tracking, and personalized plan recommendations, all accessible through a user-friendly mobile app. By acting as an extension of the HR team, Nava streamlines processes like open enrollment, eligibility and billing audits, and benefits compliance. This allows HR departments to reduce administrative overhead while empowering employees to make informed decisions about their benefits and easily access the resources they need. </solution> <features> - Digital platform for streamlined benefits administration - Year-round support from benefits experts - Real-time deductible tracking for employees - Personalized plan recommendations based on individual needs - Mobile app for easy access to benefits information and resources - Support for open enrollment, eligibility, and billing audits - Benefits compliance assistance </features> <target_audience> Nava Benefits primarily serves HR teams in companies of various sizes looking to simplify benefits administration, reduce their workload, and improve employee satisfaction with their benefits packages. </target_audience> ```

What does Nava do?

Nava Benefits is a full-service benefits brokerage that utilizes a digital platform to streamline benefits administration, offering year-round support, real-time deductible tracking, and personalized plan recommendations. By enhancing the employee experience and reducing administrative burdens, Nava helps HR teams save an average of 40 hours per month while improving overall benefits satisfaction.

Where is Nava located?

Nava is based in Oceanside, United States.

When was Nava founded?

Nava was founded in 2019.

How much funding has Nava raised?

Nava has raised $60.0M.

Location
Oceanside, United States
Founded
2019
Funding
$60.0M
Employees
160 employees
Investors
Thrive CapitalGlynn CapitalHomebrewPeopletech Partners
N

Nava

Nava Benefits is a full-service benefits brokerage that utilizes a digital platform to streamline benefits administration, offering year-round support, real-time deductible tracking, and personalized plan recommendations. By enhancing the employee experience and reducing administrative burdens, Nava helps HR teams save an average of 40 hours per month while improving overall benefits satisfaction.

Oceanside, United StatesFounded 20191607K+ followers10/10 TractionRelative Traction Score based on online presence metrics compared to companies in the same age group.
Updated 19 months ago

Funding

$60.0M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.

Funding rounds are not available yet.

Founders

Product

Problem

Many companies struggle with the complexities of managing employee benefits, leading to administrative burdens for HR teams and a frustrating experience for employees trying to understand and utilize their benefits packages. Traditional benefits brokerages often lack the technology and ongoing support needed to streamline benefits administration and improve employee satisfaction.

Solution

Nava Benefits offers a full-service benefits brokerage solution powered by a digital platform designed to simplify benefits administration and enhance the employee experience. Their platform provides year-round support, real-time deductible tracking, and personalized plan recommendations, all accessible through a user-friendly mobile app. By acting as an extension of the HR team, Nava streamlines processes like open enrollment, eligibility and billing audits, and benefits compliance. This allows HR departments to reduce administrative overhead while empowering employees to make informed decisions about their benefits and easily access the resources they need.

Target Audience

Nava Benefits primarily serves HR teams in companies of various sizes looking to simplify benefits administration, reduce their workload, and improve employee satisfaction with their benefits packages.

Features

  • Digital platform for streamlined benefits administration
  • Year-round support from benefits experts
  • Real-time deductible tracking for employees
  • Personalized plan recommendations based on individual needs
  • Mobile app for easy access to benefits information and resources
  • Support for open enrollment, eligibility, and billing audits
  • Benefits compliance assistance
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This profile is AI-generated and may contain inaccuracies.