About Noyo
Noyo is a company based in Boston (United States) founded in 2011 by Shannon Goggin.. Noyo has raised $57.5 million across 3 funding rounds from investors including Gusto, Norwest Venture Partners and Workday Ventures. The company has 66 employees as of December 31, 2024. Noyo offers products and services including Enrollment Engine, Snapshot API, Carrier Network, and Command Center. Noyo operates in a competitive market with competitors including Px, GoHealth, Limelight Health, Insurance Technology and Joshu, among others.
- Headquarter Boston, United States
- Employees 66 as on 31 Dec, 2024
- Founders Shannon Goggin
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Sectors
Financial Services
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Phone
*********
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Website
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Social
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- Legal Name Noyo Technologies, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$57.5 M (USD)
in 3 rounds
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Latest Funding Round
$45 M (USD), Series B
May 19, 2022
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Investors
Gusto
& 13 more
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Employee Count
66
as on Dec 31, 2024
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Products & Services of Noyo
Noyo offers a comprehensive portfolio of products and services, including Enrollment Engine, Snapshot API, Carrier Network, and Command Center. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Automates real-time transmission and auditing of benefits data.
Delivers real-time employee data snapshots for management.
Enables connections to multiple insurance carriers via one system.
Provides visibility and control over enrollment and data processes.
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Funding Insights of Noyo
Noyo has successfully raised a total of $57.5M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $45 million completed in May 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series B — $45.0M
- First Round First Round
- Investors Count 14
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2022 | Amount | Series B - Noyo | Valuation | Norwest Venture Partners | |
| Sep, 2020 | Amount | Series A - Noyo | Valuation | Costanoa Venture , Spark Capital | |
| Jun, 2019 | Amount | Seed - Noyo | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Noyo
Noyo has secured backing from 14 investors, including venture fund and institutional investors. Prominent investors backing the company include Gusto, Norwest Venture Partners and Workday Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital and growth equity firm providing investments and resources to entrepreneurs in various sectors.
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Founded Year | Domain | Location | |
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Early to growth-stage firms are invested in by Workday Ventures.
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Founded Year | Domain | Location | |
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Investments are directed toward Black, Latinx, LGBTQ+, and women-led companies.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Noyo
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Noyo
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Noyo Comparisons
Competitors of Noyo
Noyo operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Px, GoHealth, Limelight Health, Insurance Technology and Joshu, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Lead exchange platform is operated as SaaS for advertisers.
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| domain | founded_year | HQ Location |
Healthcare insurance solutions are offered via a digital platform.
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| domain | founded_year | HQ Location |
Quote engine solution for health insurance professionals
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| domain | founded_year | HQ Location |
Automation solutions for insurance sales and compliance are provided.
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| domain | founded_year | HQ Location |
Digital distribution and sales solutions for insurance carriers are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Noyo
Frequently Asked Questions about Noyo
When was Noyo founded?
Noyo was founded in 2011 and raised its 1st funding round 8 years after it was founded.
Where is Noyo located?
Noyo is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Who is the current CEO of Noyo?
Shannon Goggin is the current CEO of Noyo. They have also founded this company.
Is Noyo a funded company?
Noyo is a funded company, having raised a total of $57.5M across 3 funding rounds to date.
How many employees does Noyo have?
As of Dec 31, 2024, the latest employee count at Noyo is 66.
What does Noyo do?
Noyo was founded in 2011 and is based in Boston, United States. Operations center on the insurance sector, where data exchange between health insurance platforms and carrier partners is facilitated. Benefit administration solutions are delivered to employers, enabling the execution, tracking, and confirmation of member transaction requests to carriers. These services support connectivity and fulfillment in health insurance processes.
What products or services does Noyo offer?
Noyo offers Enrollment Engine, Snapshot API, Carrier Network, and Command Center.
Who are Noyo's investors?
Noyo has 14 investors. Key investors include Gusto, Norwest Venture Partners, Workday Ventures, Cap Table Coalition, and Costanoa Venture.
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