Ben Raises $27.5M To Modernize Employee Benefits For Global Enterprises

The round was led by Mercia Ventures, with strong participation from existing investors Atomico, Cherry Ventures, DN Capital, and Seedcamp, as well as new backing from Revolut founder Nik Storonsky’s QuantumLight Capital.

This investment comes after a period of rapid growth, driven by strong traction with enterprise customers who have traditionally relied on legacy platforms. Ben now serves enterprises across Europe and North America, supporting employees in more than 140 countries. The company has grown its revenue more than tenfold since its previous funding round.

Employee benefits, which account for between 10% and 30% of payroll, are crucial for attracting and retaining talent. However, for global employers with thousands of employees across different countries, managing benefits has become increasingly complex due to varying rules, regulations, and providers.

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Ben simplifies this process by consolidating benefits into a single platform that connects employers, employees, brokers, and providers. Its AI-native technology automates admin-heavy tasks for HR teams, provides a real-time view of costs and utilization, and delivers clear, personalized guidance to employees helping reduce waste, improve access to benefits and boost engagement.

“Employee benefits have never been more important and never harder for global employers to manage,” said Sebastian Fallert, Co-founder and CEO of Ben.

“For years, enterprises have been held back by fragmented systems and manual processes. AI changes that. It gives employers a way to tackle complexity at its source — in the rules, workflows and data that sit between HR, providers and payroll. This investment lets us bring that approach to more markets so benefits teams can spend less time on administration and more time supporting their people”

Ben was founded in 2019 by co-founders Sebastian Fallert, who previously built and sold travel app JustBook Mobile to Secret Escapes, and David Duckworth, who spent years in financial services at HSBC and Monitor Deloitte.

The company's customers include Virgin, Trainline, Octopus Energy, and Deliveroo. Ben aims to expand its go-to-market presence, invest further in its product roadmap, and strengthen relationships with channel partners.

Jonathan Kruger of Mercia Ventures adds: “Employee benefits are a huge expense for businesses but the current infrastructure is broken. Ben’s platform brings together employers, employees, brokers and providers to create an intelligent network that delivers value for everyone. The company is growing fast and winning against the big incumbents, and this investment will help to establish Ben as the ultimate platform for modern employee benefit management.

“We’re very excited to be working with Seb, David and the rest of the team, alongside Atomico, Cherry Ventures, DN Capital, QuantumLight and Seedcamp.”

About Ben

Ben is the world’s first AI-native intelligent benefits platform, uniting a fragmented industry of brokers, providers, and employers into a single ecosystem. It enables organisations to design, manage, and scale benefits globally while giving employees greater choice, transparency, and control. Companies including Mondelez, Octopus Energy, Zalando, and Trainline use Ben to power their organisations.