Nayya, the leading insurance benefits experience and management platform, today announced that it has closed $11M in Series A funding led by Felicis Ventures, with continued support from all early investors including Social Leverage, Guardian Life, one of the largest mutual life insurance companies in the US, and Cameron Ventures. Unum Business Ventures also joined the round with a venture investment from the Fortune 500 insurance company covering 39 million Americans.

Nayya was founded by Sina Chehrazi and Akash Magoon in 2019. Nayya is a software and data infrastructure company transforming the way employees choose and use their benefits, driving better financial outcomes for employees and employers. The Nayya platform is powered by billions of consumer data points, millions of rows of claims data, and thousands of data integrations -- helping consumers make data-driven decisions during open enrollments, new employee onboarding, and qualifying life events. The rest of the year, Nayya's employee engagement product tracks financial spending to guide and redirect consumers to file claims programmatically, manage spending accounts, and optimize prescription locations.