Nava’s $20 Million Financing Round

Fenwick & West LLP advised Nava on the deal.

Nava, a new kind of employee benefits brokerage, announced that it raised a $20 million round of financing from Thrive Capital, an investment firm that builds and invests in internet, software, and technology-enabled companies. Nava’s unified benefits offering combines modern healthcare tools, year-round employee advocacy, and ongoing measurement to improve employee engagement and drive down costs for small-to-midsized companies. Nava was co-founded by Brandon Weber, Chief Executive Officer, Donald DeSantis, Chief Product Officer, and Kareem Zaki of Thrive Capital, a lead investor in the company.

Nava plans to use the financing to accelerate its mission to provide high-quality, affordable healthcare to all Americans.

The Fenwick transaction team included corporate partner Michael Brown (Picture) and associates Eugene Karlik and Jennifer Wu.

Involved fees earner: Michael Brown – Fenwick & West LLP; Eugene Karlik – Fenwick & West LLP; Jennifer Wu – Fenwick & West LLP;

Law Firms: Fenwick & West LLP;

Clients: Nava;

Author: Ambrogio Visconti