Used by Deliveroo and Zalando, the UK’s Ben secures €23.6 million to scale employee benefits platform
London-based AI-powered employee benefits platform Ben has secured €23.6 million in a funding round, demonstrating continued investor confidence in HR technology. The platform, which uses AI to streamline employee benefits management for global enterprises, aims to scale its product roadmap and strengthen its market presence. This investment underscores the increasing demand for solutions that address the complexities of managing employee benefits. The funding round was led by Mercia Ventures, with participation from existing investors like Atomico, Cherry Ventures, and Seedcamp, and new backing from Revolut founder Nik Storonsky's QuantumLight Capital. This follows a previous €15.6 million Series A raise in 2022. Ben's AI-native technology automates administrative tasks, offering real-time cost and utilization insights while providing personalized guidance to employees. The impact of this investment will be felt by global enterprises managing employee benefits, as Ben aims to improve efficiency and employee satisfaction. The platform's ability to integrate various aspects of benefits administration offers a more unified and streamlined approach. Companies like Deliveroo and Zalando already use Ben, highlighting the platform’s potential for scaling across various industries and employee bases. This significant funding round highlights a broader trend of investment in AI-driven workforce infrastructure within Europe, signaling a shift towards digital solutions in the HR sector. The growth of companies such as Ben indicates the market's readiness for innovative technologies that improve employee benefits management.
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