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Noyo
Benefits data platform
- 101-200 employees
- B2C
- B2B
- Insurance
- SaaS
- API
- Data Analysis
- Data Sharing
- Financial District, San Francisco, CA
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Company mission
To build a future where insurance is easy to understand and even easier to use, so everyone can be empowered to make the best decision possible.
Our take
Noyo is revolutionizing the health insurance industry with its innovative platform designed to streamline the process of exchanging data between insurers, brokers, and consumers. By connecting key players in the insurance ecosystem digitally, Noyo accelerates the insurance pipeline, delivering better results for both insurers and customers.
At the heart of the company's platform is the ability to connect almost instantly with any insurance carrier, with access to accurate data via API. Noyo also provides a range of tools aimed at improving real-time visibility and delivery control over data analysis.
Noyo's top competitors in the hugely profitable health insurance market include Curatio, Renew Health, Aledade and Medbelle. Following recent series B financing, validating the company's technology and mission, will be invested into expanding its product offerings, developing more partnerships with leading software providers, and widening its global footprint.
Steph
Company Specialist at Welcome to the Jungle
Benefits
- Full coverage for you and your family: We pay 100% of premiums for employee medical, vision, and dental coverage and 50% for dependents. Disability and life insurance are also covered 100%
- Support for parents: Up to 12 weeks paid leave for parents. We put family first
- Equity in Noyo: All our employees have ownership in our success
- Many ways to save: Save for your future with pre-tax dollars towards a 401k or commuter, dependent, or medical expenses
- Work from anywhere: We're a distributed team across the United States
- Flexible paid time off: We encourage you to take the time that you need, when you need it
- Company holidays: We observe 14 holidays including Juneteenth, Indigenous People's Day, Election Day, and Veterans day
- Learning & Development: Noyo will sponsor these activities to support your growth
- Compassionate Leave: Noyo offers up to 4 weeks of paid, compassionate leave for difficult life events that fall outside of traditional, protected leave types like medical or parental leave
- Medical Travel Benefits: To facilitate access to adequate resources and care for services that may be unavailable in an employee’s home state, such as gender affirming surgery, abortion, or fertility treatment, Noyo offers a medical travel stipend for employees and their dependents
- Annual Company Gatherings: We bring the entire team together once annually to gather in person for a week of fun and collaborative brainstorming. Throughout the rest of the year, employees meet up in our SF and Durham offices for small team offsite meetings and team building activities
Company values
- We make magic for our users: Noyo is on a mission to improve benefits for everyone. Most people don't get into the benefits business to build beautiful software and experiences. We did. Our users are the reason our company exists, and we aspire to make magic for them. This is, far and away, the most important thing we do
- We chart the course: We have set the destination with a clear and compelling vision for the future we are building toward, and move with intention to get from here to there
- We get the job done: We take responsibility for outcomes and move with urgency and focus to achieve them. The work isn't done until it's all the way done, and done well
- We play to win: We are working to change benefits for good. When we look back at what we've created, we should say, "only Noyo could pull that off"
- We invest in each other: This is a place where people come to accelerate their careers. To reach our potential, as individuals and as a company, we embrace challenge and balance with support
Funding (2 rounds)
May 2022
$45m
SERIES B
Sep 2020
$12.5m
SERIES A
Total funding: $57.5m
This company has top investors
Leadership
Shannon Goggin
(Co-Founder & CEO)Graduated from Georgetown University with a BS/BA in Marketing, English, and International Business. They then worked as a Product Manager at Zenefits and Shogun Enterprise before co-founding Noyo in 2017.
Diversity, Equity & Inclusion at Noyo
- Building a future where healthcare is more accessible involves powering all the most important pieces of the health insurance puzzle. This cannot be done without devising new and creative ways of working that will move beyond the way things have been done. The insurance industry is providing financial services that are meant to cover everyone in the country, but it is disproportionately white and male.
- We are building a team that is prepared to build products and services that serve everyone, and intend to use our growing influence in the industry to create more opportunities. This involves bringing together a unique mix of people, personalities, and skillsets to bring something new to the world
- Justice - We know that systems of racial and economic injustice must be dismantled and a new system created to bring justice to the marginalized communities that are most affected
- Equity - We strive to advance equity and opportunity for underrepresented groups, and recognize that although capability and talent are universal, access is not
- Diversity - To us, diversity encompasses underrepresented people in the areas of race, gender, ethnic group, disability, age, sexual orientation, tenure, cognitive style, personality, organizational function, education, background, and so much more
- Inclusion - Belonging is when all people feel included because of their uniqueness, not despite it