We’re excited to announce the completion of our Seed round, with a total of $50M raised. The funding round was led by Motley Fool Ventures with participation from Escalate Capital, Interplay, and Picus Capital, among others. 2022 was a year of strong growth for Bennie, and we now have hundreds of customers and thousands of members on our platform. This year shows no signs of slowing down either, as we continue to expand the services and products offered to our customers, including Better Health Plan, a self-funded option for Medical, Dental, and Vision employer-based care that’s now available in 35 states.
“Organizations continue to look for solutions that can meet two critical business needs: retaining employees and saving on costs. Bennie’s products and services allow employers to have both without compromising one or the other,” said Matt Straz, Founder and CEO of Bennie. “Employee benefits are typically the second largest expense after payroll, and having high-quality benefits packages are essential to finding and retaining talent today.”
“There’s an art to crafting a comprehensive benefits program that also makes financial sense, and this is where Bennie’s dedicated benefits consulting and user-friendly app come into play,” said Autumn Manning, Partner at Motley Fool Ventures. “By having a true understanding of the pain points of both employees and employers when it comes to benefits, they’ve created a solution that makes navigating benefits much easier and cost-effective for everyone involved.”
Our focus on customer service and employee experience remain priorities, and we look forward to transforming benefits for even more organizations as we grow. As a technology-forward organization, we continue to design our platform with a holistic and user-friendly approach to make benefits understandable and accessible to all.