Corridor launches with $25m to fix health benefits for small businesses
“For decades, small businesses have been sold the leftovers of the health insurance market,” said Nikhil Aggarwal, chief executive and co-founder of Corridor.
His company launched its AI benefits brokerage on Monday with $25m. Its plan is to change that with agents.
Bain Capital Ventures led the round. BoxGroup and Definition Capital took part. So did a long list of angel investors, whom the company describes in its announcement as founders and executives from OpenAI, Modal, Ramp, Scale AI, Oscar, Rogo, Decagon, Medallion, Reducto and Tennr. Dominic-Madori Davis reported the round for TechCrunch, which also carries the founders’ account of how the company started.
Why small companies get the leftovers
Corridor describes the gap it is aiming at as a question of economics rather than technology. A 20-person account earns a brokerage a fraction of what a large enterprise account earns. The work of quoting it, placing it and...
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