Ben secures £20.8m Series B funding from Mercia Ventures to expand its benefits platform.
The funding round was led by Mercia Ventures to accelerate product development and market reach.
Ben provides an artificial intelligence native platform that helps global enterprises manage employee benefits across multiple countries. The company consolidates fragmented administration systems to simplify complex reward structures for large workforces.
Ben has secured £20.8m in Series B funding led by Mercia Ventures, with participation from Atomico, Cherry Ventures, DN Capital, Seedcamp and QuantumLight Capital. The capital will be deployed to accelerate product development and expand go-to-market operations.
The London-based business has experienced rapid expansion, growing revenue more than tenfold since its previous funding round while servicing clients across more than 140 countries. The fresh financing aims to cement its position against legacy providers as multinational employers seek automated infrastructure for intricate benefits administration.
From the founder
"Employee benefits have never been more important — and never harder for global employers to manage"
Sebastian Fallert
Co-founder and CEO at Ben
Use of funds
- 01Continue product development
- 02Accelerate go-to-market
