US-based human resources and benefits platform Decisely collected $60m on Thursday from insurance brokerage firm Epic Insurance Brokers and Consultants and hedge fund Two Sigma Private Investments.
Decisely operates a human resources (HR) and benefits platform that combines dedicated account management with automation. The product is aimed at small businesses. The cash will go towards further development of the platform.
Kevin Dunn, chief executive of Decisely, said: “Decisely is the only dedicated small business and broker–collaborative solution. We deliver a unique, complete service to both small businesses and the brokers who have traditionally served them.
“We combine dedicated, licensed trusted advisors and a complementary technology platform as a full-service broker-friendly solution for small business.”
Brian Modesitt, managing director at Two Sigma and board member of Decisely, said: “We are pleased to be partnering with Decisely as it transforms the small business segment for HR and benefits.
“In addition to our investment, we are excited to provide Kevin and Decisely with access to Two Sigma’s significant platform capabilities, which we work to do with each of the companies in which we invest, including our insurance capabilities, which are aimed at bringing Two Sigma’s deep expertise in data science and technology to the insurance industry.”