Noyo Raises $45M in Series B Financing

Noyo, San FranciscoCA-based API platform for the employee benefits industry. Funded $45M in Series B financing.

Norwest Venture PartnersThe round was led by the host, who was joined by Workday Ventures, Gusto, Cap Table CoalitionExisting investors and new investors Costanoa Ventures, Spark Capital, Homebrew, Operator Collective, Fika Ventures, Precursor Ventures, Garuda Ventures, Core Innovation Capital, Webb Investment Network. AsPart of the financing Ed Yip, partner at Norwest Venture Partners, will join Noyo’s BoardOf Directors.

TheThe company intends to use these funds to expand its product offerings, create more partnerships with carriers, benefits software providers, increase its reach and impact across new verticals.

LedBy Shannon GogginCo-founder and CEO of the company. NoyoIt provides a technology platform to streamline the digital transformation of benefits industry. This allows fast, accurate, secure data exchange through an API powered data infrastructure. The company’s suite of APIs allows insurance and benefits data to flow from point to point or exist embedded inThese applications are used every day by consumers, enabling industry-wide connectivity and network effects.

NoyoAlready has a partnership with major insurance companies and benefits software platforms, Ameritas, Anthem, Beam, Guardian Life, Humana, Rippling, Unum, Zenefits.



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