Brite Raises $7.8 Million Series A to Provide a Welcome Alternative to the Benefits Enrollment Experience
Summary
On the heels of "crazy growth" this past year, Brite, based in Salt Lake City, recently raised a $7.8M Series A investment led by Elevation Capital with additional support from Cameron Ventures. As previously covered by TechBuzz last October, Brite raised a $1.5 million seed investment from Elevation Capital and several Bay Area and Utah-based angel investors.For their Series A round, the founding team took a fiscally cautious stance, preparing for potential economic turbulence in the coming months and relied upon Elevation Capital as their lead investment partner. Weve got insane trajectory, but its more like our security blanket going into this recession.If youve endured even one benefits open enrollment meeting, Brite feels your pain. He started his career working for insurance carriers within sales as well as underwriting before returning to his home state of Utah as a benefits consultant. Weve got some good stuff happening.Karin Anderson is a nonfiction and fiction writer focused on people, places, and cultures of the Great Basin.