Sana

Health benefits for small businesses

Austin, Texas, United States

About Sana

Sana Benefits provides health insurance solutions specifically designed for small businesses. Their offerings include comprehensive health plans that cover medical, dental, and vision needs, along with additional services like virtual care, maternity support, and lab imaging. These plans aim to be affordable and accessible, helping small businesses offer quality health benefits to attract and retain employees. Unlike traditional health insurance providers, Sana simplifies the management of these benefits, allowing businesses to easily handle tasks like open enrollment and employee changes. The company focuses on customer satisfaction, boasting a high renewal rate, which reflects its commitment to providing valuable services that meet the needs of small businesses.

Austin, TexasHeadquarters

2017Year Founded

$103.9MTotal Funding

SERIES_BCompany Stage

HealthcareIndustries

201-500Employees

Benefits

Competitive salary & equity

100% remote

Monthly WFH stipend

Flexible PTO

Medical, life, dental, & vision

Paid parental leave

Charity matching

Risks

Recent layoffs may impact service quality and customer satisfaction.

Expansion into new markets could lead to operational challenges and competition.

Transition to a combined health plan model may face integration challenges.

Differentiation

Sana offers $0 healthcare options, virtual care, and comprehensive health plans.

The company simplifies benefits management for small businesses, enhancing user experience.

Sana's high customer retention rate indicates strong customer satisfaction and loyalty.

Upsides

Expansion into Alabama and Wisconsin opens new markets and revenue opportunities.

Partnership with Miga enhances cardiovascular care, attracting more small business clients.

$60 million Series B funding supports technology investment and market expansion.

Funding

Total raised$103.89 M

Latest valuation$300.00 M

StageSERIES_B

SERIES B

5/31/2022

$60

$300.00 M

SERIES A

9/30/2021

$20

$104.00 M

SEED

9/30/2019

$18.00 M

EARLY VC

8/31/2018

$12.00 M