Ben raises $16m in Series A funding led by Atomico to expand its employee benefits platform
Atomico led the Series A round as Ben looks to scale its SaaS platform and double its team.
≈ £13.2M at $1 = £0.8239 on 3 Aug 2022
Ben provides a flexible employee benefits platform that allows staff to choose their perks and helps businesses manage allowances simply.
London-based employee benefits platform Ben has raised $16m in a Series A funding round led by Atomico. The round also drew participation from Cherry Ventures, DN Capital, and Seedcamp, alongside a cohort of angel investors.
The company will use the capital to accelerate product development for its SaaS and payments technology and grow its customer base. Ben also plans to double its headcount and scale operations globally.
Atomico Partner Sasha Vidiborskiy will join the company board as part of the investment.
From the founder
"This is the first time in history that four generations coexist in the workforce at the same time. Baby Boomers, Generation X, Millennials, and Generation Z participate in a complex global economy, and their benefit requirements vary and fluctuate,"
Sebastian Fallert
CEO and Co-Founder at Ben
Investor perspective
"Ben’s unique platform massively reduces the admin burden on HR and seamlessly delivers benefits that employees really care about. This flexibility is crucial in the current macroeconomic environment, where company performance and productivity is heavily reliant on employee satisfaction and retention."
Sasha Vidiborskiy
Partner, Atomico
Use of funds
- 01Continue product development
- 02Grow the team
- 03Expand into international markets
