/Companies

Noyo

17 known investors

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Noyo builds APIs and infrastructure that connect and standardize benefits data, enabling modern benefits experiences to be embedded into software. It serves benefits technology providers and the health/employee benefits industry.

Also known as Noyo Technologies

Founders & leadership

SGShannon Goggin
Shannon GogginFounderCEO and Cofounder at Noyo Health insurance infrastructure
DL
Dennis LeeFounder

Investors · 17

Workday VenturesreportedSan Francisco

How we know: funding news · the VCSheet dataset · research · noyo.com · Not right? Tell us

Also in the syndicate · 1

the Webb Investment Network

Funding

SEC filings, press & company announcements

$45M disclosed across 1 of 3 rounds · 2020–2022

Source: company announcements and press reports — follow each round's link for the claim.

Company profile

researched Aug 2026

Noyo (also referenced as Noyo Technologies) builds data connectivity infrastructure for the employee benefits industry, linking benefits administration (ben-admin) and HR software to insurance carriers so that enrollment and eligibility data can be exchanged programmatically instead of through EDI files, carrier portals, and manual forms. The platform is presented as a unified operating system for benefits, combining embedded AI and API technology with software tooling, and is offered through a single integration that provides access to the Noyo Carrier Network.

The product covers the policy and enrollment lifecycle across five areas: group connection, which aims to get groups ready for carrier enrollment in days using structured data and automation; enrollment, which supports change scenarios such as new hires, qualifying life events, demographic updates and terminations with carrier confirmation of each update; renewal, which automates group data syncing and enrollment processing during open enrollment; analytics, which exposes group, plan and member data with change histories and statuses; and reconciliation, which detects and resolves data discrepancies before they affect coverage. Named modules include Case Build, Member Enrollment, Reconciliation and Carrier Network. Noyo also works directly with insurance carriers, including large medical carriers, to build and operate APIs where none exist, and offers an advisory service for carriers developing an API strategy.

The company describes its goal as making benefits data available on demand across the ecosystem, extending beyond policy administration and enrollment toward adjacent uses such as payroll deductions, billing, commissions and claims, and toward insurtech, fintech and payroll partners.

Compiled by commissioned research from 7 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Employee headcount growthMay 2022team grew by almost 120% over the prior year
EmployeesMar 2026125 people
Processing time improvement vs. alternative solutionsMay 202285%
Total fundingMar 2026$45M

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Founder mafia

2 people who came through Noyo went on to found or lead other companies.

Timeline · 3

launches, deals, and filings
Jan 2025
BambooHR added to the Noyo Network

Noyo announced the addition of BambooHR to its network of connected platforms.

source ↗

Jan 2025
Introduction of Noyo Carrier Tiers

Noyo introduced Carrier Tiers, a framework intended to clarify the capabilities of each carrier connection.

source ↗

May 2022
Noyo announces $45M Series B led by Norwest

Noyo said it raised $45 million in Series B funding led by Norwest Ventures, with participation from Cap Table Coalition, Workday Ventures, Gusto, and existing investors Costanoa, Homebrew and Spark. The company said proceeds would fund industry partnerships, product development and employee programs.

$45M source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

In the news

▸Research sources · 7

primary sources listed
  • Noyogonoyo.com · web

7 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Noyo do?
Noyo operates an API and AI platform connecting benefits administration software with insurance carriers for enrollment data.
Who founded Noyo?
Noyo was founded by Shannon Goggin.
Who are Noyo's investors?
Noyo's investors include Amand Ventures, Core Venture Capital, Fika, Garuda Ventures, Homebrew, Neythri Futures Fund, Norwest Venture Partners, Operator Collective and 8 more.
How much funding has Noyo raised?
Noyo has disclosed $45M raised across 1 of its 3 known rounds.