The Venture Codex

Participated · Series A · Feb 2026

Avantos provides a knowledge-graph–based platform that links products, service teams, workflows and service expectations into a single context-aware system for wealth, insurance, retirement and banking institutions. Its AI agents operate on this shared context to reason across client relationships, orchestrate work and execute tasks across disparate software, replacing today’s fragmented point solutions. The result is a more consistent, personalized and compliant client-servicing model that can scale with increasing relationship complexity. Current customers span asset managers, private banks, insurance carriers, broker-dealers, independent RIAs and custodians. Recent testimonials from Mercer Advisors, Vanguard, Guardian and SEI highlight improved advisor productivity and deeper client engagement enabled by the platform. With fresh capital, Avantos plans to expand its library of AI agents and build deeper integrations with custodians, CRMs, portfolio-management, underwriting and policy-administration systems. The company is positioning itself as the end-to-end operating layer for client servicing in the AI era.

Participated · Series A · Dec 2025

Micruity is a New York–based infrastructure company focused on making "retirement paychecks" possible for millions of savers by connecting the disparate players in the workplace savings ecosystem. Its platform offers scalable support for lifetime income products, annuity-enabled target-date funds, and Secure 2.0 features, while standardizing connectivity among recordkeepers, asset managers, and insurers. The system also handles participant-level income administration and portability, enabling employees to maintain consistent retirement income even when they change jobs. Micruity partners with leading financial institutions to embed these capabilities directly into existing retirement plans. The company intends to use newly raised capital to expand operations and accelerate product development. No revenue, customer, or other operating metrics were disclosed in the article.

Participated · Series A · Apr 2022

EvolutionIQ’s core product is an AI-powered Claims Guidance system that actively monitors open insurance claims and directs frontline operators to cases needing attention, new actions, or complex decision-making. The guidance aims to help claims handlers make more accurate decisions, improve claimant experience, shorten claim durations, and reduce claim losses and expenses. EvolutionIQ’s solution is being integrated with Guidewire ClaimCenter to provide a unified workflow and streamline data transmission between systems. The company has entered a strategic partnership with Guidewire to make it easier for shared customers to deploy AI in the claims handling process and to influence industry technology standards. Guidewire’s involvement includes a strategic investment and listing EvolutionIQ as a Solution partner in Guidewire PartnerConnect, which EvolutionIQ says endorses its Claims Guidance offering. EvolutionIQ is a New York–based AI-powered claims guidance platform that monitors open insurance claims and guides examiners and adjusters to the right actions. Its platform uses proprietary machine learning and natural language processing to understand complex bodily injury and recovery and to provide real-time predictive accuracy and explainable AI. EvolutionIQ’s software actively prioritizes claims that require attention, new actions, or complex decision-making and delivers daily guidance to frontline operators. The company says it dramatically increased its customer base and tripled contracted revenue in 2022, and that every pilot it completed turned into a production customer. EvolutionIQ reports significant recurring revenue and has limited its fundraising to minimize dilution. The company plans to use the Series B proceeds to expand engineering, data science, product, and customer success teams and to expand internationally. EvolutionIQ offers a decision-intelligence platform that analyzes historical claimant data and third-party information to surface and prioritize "high-opportunity" claims for insurance examiners. The platform targets complex, long-running health-related claims (short-term disability, long-term disability, workers' comp and P&C) and presents explainable, actionable insights so adjusters can focus on the cases with the largest impact. EvolutionIQ monitors open claims to flag cases that need attention or have fallen through the cracks, and translates model outputs into plain-language guidance for frontline operators and managers. The company emphasizes explainability to mitigate bias and make its AI outputs usable in regulated insurance workflows. EvolutionIQ counts top disability carriers, property-casualty carriers and third-party administrators among its customers, including Reliance Standard, Principal, Sun Life, Argo Group, Matrix Absence Management and FullscopeRMS. The company was cash-flow-positive in 2021 and plans to use new capital to expand engineering, data science, product and customer success teams and to accelerate customer acquisition as it explores new insurance categories.

Participated · Series C · Sep 2021

Spring Health provides Precision Mental Healthcare for employers and health plans, connecting individuals and families with personalized, culturally-responsive mental health interventions and support. The platform is certified by the Validation Institute for demonstrating net savings and delivering net-positive financial return for organizations. More than 10 million people worldwide have access to Spring Health through employers, health plans and channel partners, including Adobe, Bumble, Delta, General Mills, Highmark Health and Guardian. Led by co-founder and CEO April Koh, the company uses clinical expertise, technology and insights to support employee mental health and well-being. Spring Health recently raised $100M in a Series E at a $3.3B valuation and plans to use the funds to expand operations and broaden its business reach. The company emphasizes culturally-responsive care and measurable financial impact for customers. Spring Health provides employers with a comprehensive mental-health benefits platform that uses a proprietary assessment and machine-learning technology to identify conditions and match members to personalized care plans. Each member has access to a Care Navigator who assists with booking appointments and connecting employees to domain experts across work-life, legal, and financial services. The company emphasizes matching members to the right care rather than one-size-fits-all offerings. It plans to use new capital to expand adoption among employers and grow partnerships with health plans. In September 2021 Spring Health raised $190 million in a Series C at a $2.0 billion valuation, and the new investment brought total capital raised to $300 million. Spring Health was founded in 2016 and is based in New York, US. Spring Health provides employers with a comprehensive behavioral health benefits solution that offers access to digital exercises, EAP services, coaching, therapy, and medication. The company combines a proprietary mix of technology with human care, an approach founded in science and academia. Led by co-founder and CEO April Koh, Spring Health aims to deliver highly personalized mental-health experiences. The company is using new funding to expand its capabilities and scale its team. Spring Health intends to triple its New York-based team to support growth and product development. Financially, the company has raised $106M to date, including the recent Series B. Spring Health is a New York-based digital wellness platform operating an online mental health clinic. Led by CEO and co-founder April Koh, the company uses proprietary clinically-validated AI to generate personalized wellness recommendations, including treatment options, exercise regimens, and self-help resources. Users register and complete a dynamic questionnaire that adapts to responses; the AI recommends plans based on aggregated clinical trials and thousands of electronic health records. Patients are matched with personal care navigators (trained clinicians) and licensed mental health professionals from Spring Health’s provider network using proprietary matching algorithms. Clients range from global Fortune 500 companies to high-growth startups such as DigitalOcean, Zola, and Niantic. The company plans to use the $6M seed funding to expand its product and scale to offer wellness benefits nationwide. Spring Health offers a tablet-based behavioral health screening and clinical decision support platform that uses a 25-question patient questionnaire and a machine-learning algorithm to recommend the most suitable depression drug when medication is necessary. The product is aimed at primary care physicians, who prescribe roughly 79% of antidepressants and often have limited comfort with behavioral-health treatment options. Spring Health positions its tool to reduce medication trial-and-error, lower costs, and ease clinician burden. The company has customers in New York and California and sees interest tied to New York’s Delivery System Reform Incentive Payment system. April Koh, the company’s CEO, has described the platform as part screening tool and part clinical decision support for PCP workflows.

Participated · Series A · Jan 2021

Nayya operates an AI-enabled employee benefits system of action that connects employer HR data to deliver tailored benefits experiences. The company has been an ADP partner since 2022 and currently enables smarter benefits management for over 600,000 employees on ADP Workforce Now. Its platform helps employees select, optimize, and manage benefits across areas from claims management to retirement planning. Employers can optimize benefits spending, brokers can scale and offer data-driven advice at the employee level, and carriers gain richer insights into customer needs. ADP Ventures' strategic investment is intended to deepen the relationship and extend Nayya's capabilities to ADP's client base, with the potential to reach millions of employees. The stated goal of the integration is to set a new industry benchmark for benefits guidance and employee experience. Nayya is a benefits experience platform that leverages AI and data analytics to deliver personalized benefits experiences and simplify benefits selection and year‑round utilization. The company partners with employers and benefits providers to drive higher engagement, satisfaction, and retention. Founded in 2019 and based in New York, Nayya emphasizes holistic benefit guidance that spans health and wealth. Its platform reduces the complexity of benefits selection and provides tools and insights for employees to make informed decisions. Nayya says it will continue advancing its technology and strategic partnerships as it accelerates growth and shapes the future of benefits. Nayya Health offers an algorithmic recommendation engine and a Robotic Process Automation-style digital assistant that helps employees choose benefits and navigate insurance, clinical and workplace administration. Its B2B customers are employers (and increasingly insurers) who license the engine and app and the company charges a flat monthly fee per user. Nayya says it will not become an insurance provider and positions itself as a “TurboTax” for benefits. The company has expanded beyond healthcare into life insurance, financial planning, mental health and other ancillary services. It serves enterprises as well as companies with as few as 50 employees and does not disclose total customer counts. Nayya plans to launch a product targeting freelancers and sole traders in the future and has leaned on increased transparency requirements in healthcare as an input to its algorithms. Nayya is a software and data infrastructure company transforming how employees choose and use benefits, operating a platform powered by billions of consumer data points, millions of rows of claims data, and thousands of integrations. Its core products include Choose, a personalized decision-support engine for enrollment, and Use, an AI-driven automated healthcare claims assistance and benefits engagement solution. The company said it expects to finish the first half of the year with 5x growth in sales and 3x growth in its customer base, and its total funding after the round is just under $50M. Nayya plans to use the Series B capital to grow its team and invest in new features, including an enhanced user experience with more financial recommendations, personalized benefits risk scoring, and estimates of annual healthcare spend for employees. Its Use product has launched with leading national employers and through national alliances with seven of the fifteen largest benefits brokerage firms in the U.S. Nayya was founded in 2019 and is headquartered in New York, NY. Nayya is an insurance benefits experience and management platform that leverages billions of datasets across the healthcare and insurance industries to simplify benefits selection. It helps consumers choose and utilize the right personalized benefits plans throughout the year. The company was founded in 2019 by Sina Chehrazi and Akash Magoon and is based in New York City. Customers and partners include carriers Guardian, Unum and American Public Life, benefit administrator Selerix, dozens of national employers, and alliances with several of the ten largest brokerage firms including Acrisure’s voluntary benefits division. Nayya closed an $11M Series A led by Felicis Ventures. It plans to use the funding to grow its team in New York and nationally, expand its product portfolio into additional lines of insurance, deepen consumer data and HCM integrations, and accelerate partnerships across employers, carriers and brokers.