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.
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.)
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