Insuretech Startup BenRevo Secures $405,500

BenRevo announced it has closed $405,500 in financing from an undisclosed investor.

For employers who purchase health insurance, BenRevo is a platform that brings the shopping experience online. The current method of buying insurance used by brokers, employers, and insurance carriers is paper heavy, error prone and time consuming. BenRevo seeks to simplify this process by connecting all parties through a digital marketplace. By doing so, BenRevo hopes to limit errors, improve plans and price transparency, and automate the $185 billion mid-market insurance space.