# Brella Insurance

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/brella-insurance

- Industry: Insurance
- Headquarters: Claymont, US
- Website: www.joinbrella.com
- Total disclosed funding: $25M
- Latest round: Series A (Apr 21, 2021)
- Investors on record: 11

## About

Brella Insurance, Inc. is a U.S.-based company specializing in modern supplemental health solutions aimed at enhancing employee benefits for organizations.Founded in 2019, Brella Insurance, Inc. focuses on providing innovative supplemental health solutions to employers across the U.S. The company has raised a total of USD 15.00 mn in funding through a SERIES A round led by Brewer Lane Ventures, with participation from various investors. The latest funding round, completed on April 21, 2021, is earmarked for expanding the company's reach to employers nationwide. The founder, Veer Gidwaney, serves as the CEO and has a background in leading companies within the health and technology sectors.Brella offers a range of innovative solutions designed to enhance connectivity and engagement within various industries. Their core product, a digital platform, facilitates seamless communication and collaboration for users, particularly in event management and networking scenarios. Released in recent years, this platform aims to address challenges such as inefficient networking opportunities and lack of engagement at events. Brella primarily serves businesses and organizations that host conferences, trade shows, and corporate events, enabling event organizers and attendees to interact effectively. The company operates in several geographical markets, including North America and Europe, targeting clients across sectors such as technology, education, and professional services.Brella generates revenue through a subscription-based model, where clients pay for access to their platform's features and capabilities. Typically, clients, which include event organizers and companies hosting conferences, enter into annual agreements that provide varying levels of service depending on their needs. The pricing structure is tiered, allowing for flexibility, with different plans offering a range of functionalities such as attendee management, networking tools, and analytics. Brella's platform is designed to cater to both B2B and B2C transactions, ensuring that clients can leverage the service for both corporate events and consumer-facing gatherings. The ongoing success of Brella’s revenue model is attributed to its ability to create value for clients by enhancing attendee experiences and facilitating meaningful connections.In April 2021, Brella Insurance, Inc. raised USD 15.00 mn in SERIES A funding, which will be utilized to bring Brella’s modern supplemental health solution to employers nationwide. The company plans to expand its product offerings and enhance its platform capabilities in the upcoming years. Additionally, Brella is looking to target new geographical regions beyond its current markets in North America and Europe, though specific regions have yet to be detailed. Through these initiatives, Brella aims to solidify its position in the supplemental health market.

## Funding rounds

- Series A, Apr 21, 2021, $15M — IA Capital Group, Two Sigma Investments, 500 Global, Founder Collective, Fidelity Security Life Insurance Company, Digitalis Ventures, SymphonyAI Group, NYL Ventures, Brewer Lane Ventures
- Seed, Jun 23, 2020 — Digitalis Ventures
- Seed, May 21, 2020, $5.5M — Two Sigma Investments, Founder Collective, RGAx, SymphonyAI Group
- Seed, Dec 8, 2019, $4.5M — SixThirty

## Investors

- SixThirty (https://capitalatlas.ai/funds/sixthirty) — Seed
- Two Sigma Investments (https://capitalatlas.ai/funds/two-sigma-investments) — Seed, Series A
- Founder Collective (https://capitalatlas.ai/funds/founder-collective) — Seed, Series A
- RGAx — Seed
- SymphonyAI Group (https://capitalatlas.ai/funds/symphonyai-group) — Seed, Series A
- Digitalis Ventures (https://capitalatlas.ai/funds/digitalis-ventures) — Seed, Series A
- IA Capital Group (https://capitalatlas.ai/funds/ia-capital-group) — Series A
- 500 Global (https://capitalatlas.ai/funds/500-global) — Series A
- Fidelity Security Life Insurance Company — Series A
- NYL Ventures (https://capitalatlas.ai/funds/nyl-ventures) — Series A
- Brewer Lane Ventures (https://capitalatlas.ai/funds/brewer-lane-ventures) — Series A