SimplyInsured Announces $1.75M in Seed Capital to Expand Small Business Health Insurance Service

SAN FRANCISCO - April 22, 2015 - PRLog -- April 20th, 2015 --SimplyInsured has raised $1.75M in seed capital from Starling Capital, Altair.vc, and Y Combinator.

“We are seeing a large shift away from traditional, offline health insurance brokers – to online purchase and administration of small business health insurance.” Says founder Vivek Shah. “When you can save money and eliminate the administrative headaches – it is clear value to the owner or operator of a small business.”

SimplyInsured (https://www.simplyinsured.com) is the 100% online health insurance for small businesses. SimplyInsured uses a proprietary algorithm to recommend health insurance plans to small businesses and their employees, saving businesses up to $1,000 per employee per year. Plans are presented in plain English (not insurance jargon), and companies save time by signing up with no paperwork.

SimplyInsured serves clients across all 50 states, and has thousands of employees on the platform. Small business owners use SimplyInsured to manage health benefits, payroll deductions, taxes, and compliance on one simple dashboard.

The company was founded in 2012 by CEO Vivek Shah, and is located in San Francisco. The company's investors include Y Combinator, Starling Capital, Altair.vc, founders of NerdWallet Jake Gibson and Tim Chen, Amee and Adil Chaudry, and Sam Melamed. For more information, or a demo, visit https://www.simplyinsured.com