American Family Ventures and Harmon Brothers Ad Ventures helped the business health insurance provider boost its latest round to $40.8m.

US-based health insurance provider Sana expanded its series A round to $40.8m yesterday with a $20m extension featuring insurance firm American Family and advertising agency Harmon Brothers.

The second tranche was led by venture capital firm Gigafund and included Breyer Capital, Jam Fund, Trust Ventures and Mark VC, while American Family and Harmon Brothers invested through American Family Ventures and Harmon Brothers Ad Ventures respectively.

Founded in 2017, Sana offers self-funded health insurance to small businesses, hoping to challenging established…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.