Benevate
Company

Last deal

$150K

Amount

Seed

Stage

01.03.2017

Date

1

all rounds

$150K

Total amount

General

About Company
Benevate provides a financial wellness solution for employees.

Industry

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founded date

01.01.2011

Number of employees

Company Type

For Profit

Last funding type

Seed

IPO status

Private

Description

Benevate is a technology platform that offers managed services for individuals, families, and companies to purchase and engage in risk management programs. Their platform generates recommendations based on the user's needs and future risks, providing a preventative model for healthcare. Unlike typical employee benefits providers, Benevate focuses on unique employee benefit solutions that improve financial wellness and attract/retain talent. They offer student loan assistance and employer-assisted housing benefits, where employers provide forgivable loans to pay down student loans or provide a down payment for a house. All of their employee benefit solutions are administered through their cloud-based software, which is highly configurable and automates most benefit enrollment and administration activities. This results in a highly desirable employee benefit, low annual cost, and measurable return on investment.
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