Unicorn Nest news
Sana Secures $20M in Series A Extension Funding to Break up the ‘Big 5’ Health Insurance Monopoly
- Sana, a provider of health insurance for small and midsize businesses, announced the closing of $20m in series A extension funding. - Sana offered this extension to strengthen ties with existing lead investor Gigafund and to bring in several new strategic partners, including American Family Ventures, Breyer Capital, JAM Fund, and Harmon Brothers Ad Ventures. - Existing investors, including Trust Ventures and mark vc, also joined the round. - Investments from top investors in insurtech, insurance, regulated industries, and some of the most successful early-stage investors in the country speak to Sana’s trajectory towards becoming an industry leader and challenging the Big 5 health insurance companies. - Sana will implement the strategies of those most intimately familiar with the nuances of the health insurance and healthcare spaces and those who have been successful at vetting business models of early-stage firms. - Sana is available in Arizona, Oklahoma, Texas, Illinois, and Kentucky and has grown its customer base by 140% in just the past year.
Unicorn Nest news
Swimply, A Pool Rental Platform For Homeowners, Raises $10 Million
– Swimply is a marketplace for homeowners who want to rent out their underutilized pools to local swimmers.
– The company announced it is expanding into 25 new cities nationwide.
– The company also announced the closing of a $10m Series A financing.
– The funding round was led by Norwest Venture Partners with participation from Trust Ventures and notable angel investors.
Unicorn Nest news
Avvir raises $10M for AI that spots construction site errors
– Avvir, a startup using laser scans and AI to catch construction mistakes, today announced that it raised $10 million in a funding round led by Trust Ventures.
– The New York-based startup, which is valued at $40 million, says it’ll use the funds to expand its workforce while improve its technology platform.
– Mistakes often prove to be costly in the construction industry. According to a study commissioned by Autodesk, 5% of construction professionals’ time is spent on nonproductive activities including looking for project information, conflict resolution, and dealing with errors and rework. It’s estimated that these activities cost the U.S. construction sector alone over $177 billion in labor in 2018.
