Insurance broker platform Mployer Advisor has raised $1.6m in a financing round led by Martin Ventures.
Founded in 2020, Mployer Advisor is a platform for employers to research, evaluate and review insurance brokers. The platform provides employers with access to over 80,000 AI-driven benefit design data points to use in negotiating and planning.
According to Mployer, this new tranche of funding will enable it to deploy new features on its platform, expand its insurance broker and carrier network and hire additional leadership roles.
Mployer Advisor founder and CEO Brian Freeman said, “This investment will accelerate Mployer Advisor’s mission to create greater transparency for employers into their $1 trillion benefit spend annually and connect them with the right resources to achieve high-quality, cost-effective benefits.
“Few employers realize that who they select as their insurance broker has a more significant impact on cost and quality than who they select as their carrier. We are fortunate to be partnering with the Martin Ventures team and other industry leaders to drive value to employers and top brokers.”
Martin Ventures CEO Devin Carty added, “Mployer Advisor is changing the way employers purchase over $1 trillion in benefits each year. We are excited to partner with the leadership team and other investors to grow and scale Mployer Advisor nationally.”
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