Private Equity VC Fund Investments
Health insurance platform Nova Benefits raises funds from AngelList's new 'quant' VC fund
Bengaluru-based Nova Benefits, an employee wellness platform centred on corporate health insurance, has received the first Indian investment of AngelList Early-Stage Quant Fund. In September 2021, the company raised USD 10 million in its Series A funding round.
Nova Benefits aims to enable corporates to avail customised health insurance plans for their employees and add additional health benefits around physical and mental health.
Company website ↗ (opens in a new tab)
From the Venture Intelligence PE-VC Deal Database: Between Dec-20 and Sep-21, Nova Benefits raised over $10 M from Susquehanna International Group, Multiply Ventures, Bessemer, and others. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)