SimplyInsured, The Health Insurance Startup Raises $1.75 Million

What does SimplyInsured do?

SimplyInsured, is a startup is a provider of group health insurance quotes which let small businesses to estimate their real out-of-pocket costs when buying health insurance.  The startup allows you to turn the more than hundred costs or benefits of health insurance into an simple and easy to compare price. The startup searches through plenty of providers and plans and finds the best one fit for a business. It makes it easy for small businesses to find the right fit for them and their budget. SimplyInsured’s  application process is excellent, when compared to other services.

How much SimplyInsured was funded?

SimplyInsured has raised $1.75M in seed round on April 20^th, 2015 from the investors Starling Ventures, Jake Gibson, AltaIR Capital, Adil Chaudry, Tim Chen and Sam Melamed.

Previous funding

$750k in Seed round on October 2nd, 2013 from the investors AltaIR Capital, Y Combinator, Conversion Capital, Waseem Daher, Matt Huang and Tim Chen.

What is next for SimplyInsured?

The latest funding raised by SimplyInsured will be used to increase the sales of its product.

More about SimplyInsured

SimplyInsured was founded in 2012 by Vivek Shah and Bob Aspell. It has its headquarters in San Francisco, CA. This insurance startup was launched with the aim of providing an easy way to small businesses for getting health insurance coverage for their employees. It makes buying health insurance simple and hassle free for small businesses. Its streamlined health insurance manager is 100% online and is explained in simple English and saves small businesses a lot of money on health insurance. It aims at saving companies money on health insurance on an average $500-$1000 per employee annually. SimplyInsured handles all the forms and paperwork automatically and paperless. The startup analyzes thousands of insurance policies to find the one with best coverage, price and value for every business according to their needs.