Corridor raises $25 million to build AI health benefits brokerage for small businesses

  • Corridor raised seed funding to develop an AI health benefits brokerage for small businesses.
  • $25 million was raised in a round led by Bain Capital Ventures.
  • Corridor is preparing for Q4, when 80% of small businesses choose health plans.

Corridor, an AI health benefits brokerage focused on small businesses, has raised a $25 million seed round led by Bain Capital Ventures. The startup says traditional brokerages often overlook smaller employers because their accounts generate lower commissions despite requiring comparable work. Corridor pairs customers with human advisors while AI agents handle administrative tasks such as checking provider-network access, scheduling care and updating doctors on a patient’s insurance information. CEO Nikhil Aggarwal said the company aims to serve as a healthcare concierge for employees and management. The business emerged from Jackson Wagner’s experience with chronic pain after a running accident and his subsequent work with former Scale AI colleague Eric Qian on Capernaum AI, a clinical agent startup focused on musculoskeletal care and chronic pain. Corridor is preparing for the fourth quarter, when Aggarwal says 80% of small businesses choose their health plan. Competitors include Ignition Benefits and Nava Benefits, while investors in the round include BoxGroup and executives from OpenAI, Scale AI and Ramp.

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