Renew.com curates recommended post-employment benefits for retiring baby boomers by collecting employer-provided information and guiding retirees through enrollment. The site is free to both retiring employees and employers, and the company generates revenue through brokerage commissions. Founders Kevin Nazemi and Tony DeGangi built the product after observing confusion among retirees, drawing on experience from Oscar Health. The startup has hired a team of 20 in Venice Beach, California to build out the brand and product. Renew plans to roll out its initial product in the latter half of 2017 and targets HR departments as a primary channel to reach transitioning employees. The service aims to reduce administrative burden and costly COBRA outcomes for employers and retirees.

Total raised

$3M

Funding rounds

1

Latest round

Series A

Latest activity

Nov 2016