The round was led by Upfront Ventures, and joined by Waterline Ventures and Distributed Ventures. The investment will accelerate platform development, expand CVRD's compliance and member advocacy teams, and bring its solution to federal contractors of all sizes nationwide.

CVRD Health is the only fringe benefit optimization and compliance platform built exclusively for government contractors, by government contractors. Headquartered in Miami, FL, CVRD's platform gives contractors real-time visibility into what they owe, what they've spent, and what they're owed back - so no benefit dollar goes unrecovered or out of compliance. Paired with full benefits administration and dedicated member support, CVRD helps contractors stay compliant, protect their margins, and offer employees real choices in healthcare coverage.