Nayya Valuation, Funding & Investors

Nayya is valued at $500M as of March 2022.

See full Nayya profile

Last Nayya valuation

$500M

Series C · Mar 2022

Last Nayya funding round

$55M

Series C · Mar 2022

Cumulative funding Nayya raised

$106M

across 4 funding rounds

Key investors in Nayya

  • Felicis
  • Social Leverage
  • ICONIQ Capital
  • SemperVirens Venture Capital
  • UnumGroup
  • (ERA) Entrepreneurs Roundtable Accelerator

Nayya Overview

About Nayya

Nayya is a New York-based benefits platform using machine learning on billions of data points to deliver personalized guidance for employees during open enrollment, onboarding, and life events. Its tools cover health insurance, retirement, and financial wellness, deployed by mid-sized employers across the US. Founded in 2020, Nayya integrates with carriers like UnitedHealthcare and Fidelity for real-time recommendations.


Founded

2019

HQ

United StatesNew York City, NY

Website

nayya.com

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Valuation

$500M (Mar 2022)

Nayya Valuation

Nayya is currently valued at $500M, based on its Series C in March 2022.

The $55M round was led by ICONIQ Capital, with participation from Felicis, Transformation Capital and SemperVirens Venture Capital.

Nayya valuation by funding round

Nayya valuation by funding round
DateStageValuation
Mar 2022Series C$500M

Nayya Funding History

Nayya has raised a total of $106M across 4 funding rounds.

Nayya's first fundraising round was a $3M seed round in June 2020. The most recent completed round was a $55M Series C in March 2022.

Nayya funding rounds

Nayya funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Mar 2022Series CICONIQ Capital (lead); Felicis; Transformation Capital; SemperVirens Venture Capital$55M$500MNayya is a leading benefits experience and healthcare management platform powered by AI, data science, and billions of data points, providing personalized guidance to employees on health insurance, voluntary benefits, HSAs, FSAs, retirement plans, prescription drugs, and healthcare decisions during open enrollment, onboarding, qualifying life events, and year-round. The platform integrates with employer benefits to reduce confusion, improve utilization, and help employees save money while addressing frustrations in the US healthcare and benefits system. Founded in 2019 by Sina Chehrazi and Akash Magoon, Nayya targets employers and health insurers to enhance benefits engagement and outcomes. In March 2022, Nayya raised $55 million in a Series C round led by ICONIQ Growth, with participation from Felicis Ventures, SemperVirens Venture Capital, and new investor Transformation Capital, bringing total funding to approximately $106 million. This followed a $37 million Series B in June 2021 co-led by SVB Capital and ICONIQ Growth, and earlier rounds including $11 million Series A in January 2021 led by Felicis and $2.7 million seed in June 2020. The Series C funds were allocated to accelerate product innovation, expand partnerships with major healthcare solutions and large employers, and grow its connected data footprint for better consumer experiences. Transformation Capital's Mike Dixon joined as a Board Observer.
Jun 2021Series BICONIQ Capital (lead); SVB Capital (lead); Guardian Strategic Ventures; Felicis; Bow Capital; Social Leverage; CNO Financial Group; UnumGroup; SemperVirens Venture Capital$37M-Nayya is an insurance benefits experience and healthcare management platform that helps employees make informed decisions about health insurance plans and benefits enrollment. The company offers two core products: Choose, a personalized decision support engine that guides employees during open enrollment, and Use, an AI-driven automated healthcare claims assistance and benefits engagement solution designed to help employees save money on medical costs. On June 2, 2021, Nayya announced a Series B financing round of $37 million co-led by SVB Capital and ICONIQ Growth, with participation from Bow Capital, Felicis Ventures, Social Leverage, and SemperVirens, along with returning investors Guardian Strategic Ventures, Unum Business Ventures, and CNO Financial Group. This round brought Nayya's total funding to approximately $50 million. The company planned to use the proceeds to expand its team and invest in new product features, including an enhanced user experience with improved financial recommendations and personalized benefits risk scoring. Nayya's platform leverages data science and artificial intelligence to link billions of external data points and offer curated guidance on topics including voluntary benefits selection, health insurance comparison, HSA/FSA/retirement plan optimization, and prescription drug cost reduction. By linking employee benefits decisions together with data analytics, the company aimed to transform how American workers approach their benefits and healthcare decisions.
Jan 2021Series AFelicis (lead); Social Leverage; Guardian Life; UnumGroup; Cameron Ventures$11M-Nayya raised $11 million in its Series A funding round in January 2021, led by Felicis Ventures, with participation from investors including Social Leverage, Guardian Life, and Unum Group. The platform provides an AI-powered benefits experience and healthcare management solution that integrates health and wealth data to help employees select and utilize benefits. The funding aimed to scale operations and enhance product offerings. Nayya's products include Choose, a personalized decision support engine for plan selection, and Use, an AI-driven healthcare claims assistance tool. Prior to this round, the company completed a $2.7 million seed round in June 2020 led by Social Leverage. The Series A built on early traction in the employee benefits sector.
Jun 2020SeedSocial Leverage (lead); 37 Angels; 301 Ventures; (ERA) Entrepreneurs Roundtable Accelerator$3M-Nayya is an AI-powered benefits experience and healthcare management platform founded by Sina Chehrazi and Akash Magoon. The company's flagship product, Companion, helps employees navigate the complexity of choosing and managing employer-provided healthcare plans through machine learning and data transparency. The platform personalizes recommendations by analyzing lifestyle and location data to match employees with appropriate plans. In June 2020, Nayya raised $2.7 million in seed funding led by Social Leverage, with participation from Guardian Strategic Ventures, Cameron Ventures, Soma Capital, and other strategic angels. The company had five full-time employees at the time, with 80% from racially diverse backgrounds. Proceeds were allocated toward expanding engineering, data science, product management, and marketing teams, as well as acquiring and processing healthcare data. Following the seed round, Nayya demonstrated rapid growth and went on to raise Series A ($11M in January 2021), Series B ($37M in June 2021), and Series C ($55M in March 2022), accumulating over $106 million in total funding by 2022. The company achieved 7x revenue growth in 2021 and became one of the fastest-growing digital health and benefits companies in the United States.

Who has invested in Nayya?

15 investors have backed Nayya across its funding rounds, including Felicis, Social Leverage, ICONIQ Capital, SemperVirens Venture Capital, UnumGroup and (ERA) Entrepreneurs Roundtable Accelerator.

Lead investors include ICONIQ Capital, SVB Capital, Felicis and Social Leverage.


Nayya Investors

Investors in Nayya by funding rounds participated
InvestorHQRoundsRoleFirst check
FelicisUnited StatesSan Francisco, CA3LeadJan 2021
Social LeverageUnited StatesPhoenix, AZ3LeadJun 2020
ICONIQ CapitalUnited StatesSan Francisco, CA2LeadJun 2021
UnumGroupUnited StatesChattanooga, TN2ParticipantJan 2021
SemperVirens Venture CapitalUnited StatesSan Francisco, CA2ParticipantJun 2021
Guardian Strategic VenturesUnited StatesNew York City, NY1ParticipantJun 2021
SVB CapitalUnited StatesSan Francisco, CA1LeadJun 2021
37 AngelsUnited StatesUnited States1ParticipantJun 2020
301 VenturesUnited StatesUnited States1ParticipantJun 2020
(ERA) Entrepreneurs Roundtable AcceleratorUnited StatesNew York City, NY1ParticipantJun 2020
Bow CapitalUnited StatesSan Francisco, CA1ParticipantJun 2021
CNO Financial GroupUnited StatesCarmel-by-the-Sea, CA1ParticipantJun 2021
Guardian LifeUnited StatesNew York City, NY1ParticipantJan 2021

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Acquisitions by Nayya

Nayya has acquired 1 company to date.

Last acquisition by Nayya was on September 10th 2025. Nayya acquired Northstar for undisclosed valuation.


Latest Acquisitions by Nayya

Northstar
Description
Northstar is a San Francisco-based financial wellness platform offered as an employee benefit. The service pairs workers with advisors for paycheck optimization, debt management, and retirement planning via app and virtual sessions. Northstar serves tech firms including Zoom, Snap, and NerdWallet.
HQ CountryUnited States
HQ City
Los Angeles, CA
Deal Date10 Sep 2025
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Nayya Competitors

Nayya competitors include listed companies like Beijing Hanyi Innovation and Intelligo Technology, and private ones like micro1, Ocrolus, Suki and Plenful.

Public and private companies comparable to Nayya
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
micro1United StatesSan Francisco, CAPrivate$50M-$500M10.0x
OcrolusUnited StatesUnited StatesPrivate$20M-$500M25.0x
SukiUnited StatesSan Francisco, CAPrivate$105M-$500M-
PlenfulUnited StatesSan Francisco, CAPrivate--$487M-
Beijing Hanyi InnovationChinaChinaPublicly listed$28M$5M$493M13.9x
Intelligo TechnologyTaiwanTaiwanPublicly listed$50M$20M$522M8.4x
Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Beijing Hanyi Innovation$28M$5M15.6x13.9x89.9x50.9x
Intelligo Technology$50M$20M8.4x8.4x20.8x-
Yidu Tech$122M($4M)1.4x1.2x(45.0x)7.7x
ExaWizards$77M$13M6.6x5.7x39.3x-
Winner Technology$46M($7M)9.0x-(60.9x)-
Evolent Health$1.9B($365M)0.7x0.5x(3.5x)9.4x
Baida Group Co$31M$9M13.6x-45.2x-
Hapvida$6.1B$787M0.3x0.3x2.7x4.0x

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Common questions about Nayya

When was Nayya founded?Nayya was founded in 2019.
Where is Nayya headquartered?Nayya is headquartered in New York City, NY, United States.
Is Nayya publicly listed?No, Nayya is a private, VC-backed company.
What is Nayya's valuation?Nayya was last valued at $500M in its Series C in March 2022.
How much funding has Nayya raised?Nayya has raised $106M across 4 funding rounds.
What was Nayya's last funding round?Nayya's last funding round was a $55M Series C in March 2022, led by ICONIQ Capital.
Who are Nayya's investors?Nayya's investors include Felicis, Social Leverage, ICONIQ Capital, UnumGroup, SemperVirens Venture Capital, Guardian Strategic Ventures, SVB Capital, 37 Angels, 301 Ventures, (ERA) Entrepreneurs Roundtable Accelerator and 5 others.
Which companies are comparable to Nayya?Companies comparable to Nayya include micro1, Ocrolus, Suki, Plenful, Beijing Hanyi Innovation and Intelligo Technology.
How many companies has Nayya acquired?Nayya has acquired 1 company, including Northstar.

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