Utah-based insurance reimbursement company, Zane Benefits, announced that it has closed a $1.5 million equity financing from existing investors, with participation from Kickstart Seed Fund and Royal Street Investment and Innovation Center.
The equity round will provide funding to accelerate Zane’s rapid revenue growth and the completion of the Company’s next-generation software platform, which provides enhanced flexibility, ease of use and new features to Zane’s customers.
Dalton Wright, Partner at Kickstart Seed Fund, stated:
“Zane Benefits is transforming the way small businesses offer health insurance by giving employees choice, flexibility and convenience. Zane is growing fast and we are excited to share in its mission to reinvent employee benefits for small businesses.”
Through Zane Benefits proprietary software, companies offer a health benefit program that reimburses employees for individual health insurance plans bought in the consumer marketplace. Small business owners save time and money while employee shop for the health plan that best fits their families’ needs.
Rick Lindquist, CEO of Zane Benefits, added:
“Since 2007, Zane Benefits has helped thousands of small businesses reinvent their employee health benefit programs. Our clients love our simple solution because it saves them time and money, while also helping employees afford health insurance. This investment represents an endorsement of our business and gives us an opportunity to broaden our product offering.”
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