Benivo raises £10.5m in Series B funding led by Updata Partners to expand international operations
The Series B round was led by Updata Partners to support team expansion and product development.
Benivo provides an end-to-end software platform for global mobility teams to manage workforces, relocation policies, and vendor payments. The company serves enterprise clients worldwide.
Benivo has secured a £10.5m Series B financing round led by Updata Partners. The capital injection will allow the business to expand its operational footprint across the United States, the United Kingdom, Armenia, and India, while further developing its unified mobility software suite.
Founded in 2011, the London-headquartered firm delivers technology solutions designed to streamline complex employee relocation and payment processes for large multinational corporations. The fresh funding is expected to accelerate customer acquisition efforts and support ongoing product innovation within the global mobility sector.
Investor perspective
"Benivo’s success to date is the result of outstanding technology and a capital-efficient operating mindset. Benivo has established themselves as the leader in the Mobility software space, and we are thrilled to be partnering with them to help capture the exciting opportunity ahead,"
Braden Snyder
Partner, Updata Partners
Use of funds
- 01Grow the team
- 02Continue product development
- 03Expand into international markets