Bennie Raises $33 Million Seed Round to Transform the Employee Benefits Experience
We’re excited to announce that we have raised $33 million in Seed funding to help companies and their employees get access to better benefits. The round was co-led by Silverton Partners and Picus Capital with further participation from Global Founders Capital, Interplay Ventures, and FJ Labs, among others. Since launching our product in 2020, Bennie has become the fastest-growing benefits solution for small and mid-sized companies with tens of thousands of members now on the platform.
Bennie’s all-in-one platform was thoughtfully designed to work holistically, helping HR managers streamline and modernize their benefits management processes while enabling employees to make the most of their benefits. Ask Bennie, our healthcare concierge, provides members with personal assistance with everything from basic insurance questions to resolving the most complex coverage issues. The Bennie Marketplace offers members discounted rates on a wide range of insurances, family planning tools, and health and wellness solutions.
“Our oversubscribed Seed round is emblematic of the dramatic progress that we have made over the past 24 months to reimagine the employee benefits experience,” says Matt Straz, Founder and CEO of Bennie. “Hundreds of companies and thousands of members now rely on Bennie as their benefits system of record. This seed round supercharges our mission to help everyone get access to better benefits.”
“We are pleased to invest in Bennie and help growing companies everywhere deliver a digital, employee-first benefits experience that’s easy to understand and use,” says Mike Dodd, General Partner at Silverton Partners and Bennie board member. “Bennie’s experienced team, deep benefits expertise, and huge addressable market offer an incredible opportunity to build a large and lasting business.”
Julian Roeoes, Partner at Picus Capital, adds that they were very impressed by Bennie's mission and clarity of product fit from Day 1. "Matt and the team are building a platform that is delivering tremendous benefits & tangible value to both employers and their employees and making a true difference with their service offering. We couldn't be more excited to keep supporting Bennie in its next phase of growth."
As a licensed benefits broker in all 50 states, Bennie has deployed its technology to hundreds of companies across more than a dozen industries since 2020. With benefits and organizational health becoming more of a priority than ever, having the right strategy and systems in place make all the difference, especially as a company continues to expand.
Bennie is committed to not only helping companies create healthier workplaces but also building a better world. Through Pledge 1%, we've pledged 1% of our company’s equity to go towards supporting our community and health-related causes. As our company grows, so does the size and scope of our commitment.
To learn more about Bennie, visit www.bennie.com
