# BenchOn

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/benchon-pty

- Industry: Software
- Headquarters: Gold Coast, Australia
- Website: www.benchon.com.au
- Total disclosed funding: $0.6M
- Latest round: Seed (Feb 12, 2018)
- Investors on record: 7

## About

BenchOn Pty Ltd offers innovative digital solutions focused on improving workforce management and employee engagement through a suite of tools designed to enhance productivity and streamline communication.Founded in 2016 in Gold Coast, Australia, BenchOn Pty Ltd specializes in digital workforce management solutions. The company has raised AUD 624,444 in its latest funding round in April 2019, with significant investment from ACAC Innovation, Andy Hill Super Pty Ltd, Cpsz Super Pty Ltd, and participation from returning investors Artesian and Douglas Holdings Pty Ltd. The company has completed a total of three deals, leading to a current valuation of AUD 6.337 mn. Tim Walmsley serves as the CEO, alongside co-founder Katie Walmsley.BenchOn Pty Ltd specializes in providing innovative digital solutions aimed at improving workforce management and employee engagement. Their core offerings include a suite of tools designed to streamline communication, enhance productivity, and facilitate performance tracking across various sectors. The platform addresses employee collaboration, feedback mechanisms, and overall organizational efficiency, catering to a diverse clientele including small to medium enterprises and larger corporations. BenchOn's products are tailored for industries like technology, healthcare, and education, ensuring seamless integration into existing workflow systems for a user-friendly experience.BenchOn's revenue generation is primarily driven through subscription-based models for their workforce management tools. Clients engage in annual or monthly subscription agreements, allowing access to the full range of platform features. Transactions occur directly between BenchOn and its clients, with enterprises selecting service tiers based on user volume and feature needs. This structure enables clients to scale usage while maintaining consistent access to the platform, with a focus on comprehensive support and regular updates embedded in the subscription.BenchOn plans to leverage its recent funding of AUD 624,444 from April 2019 to enhance its product offerings and expand into new markets. The company is currently developing new features designed to enhance user experience, with an eye towards the technology, healthcare, and education sectors. Additionally, BenchOn is targeting international expansion, particularly in North America and Europe, by the end of 2023. These growth strategies will be supported by the latest funding, ensuring continued innovation and market penetration.

## Funding rounds

- Seed, Feb 12, 2018, $0.6M — Brisbane Angels, Artesian, Amw Smsf Pty Ltd, Douglas Holdings Pty Ltd, Jimilibi Pty Ltd, Tapper Super Fund Pty Ltd
- Seed, Apr 14, 2016 — Artesian, BlueChilli

## Investors

- Artesian (https://capitalatlas.ai/funds/artesian) — Seed
- BlueChilli (https://capitalatlas.ai/funds/bluechilli) — Seed
- Brisbane Angels (https://capitalatlas.ai/funds/brisbane-angels) — Seed
- Amw Smsf Pty Ltd — Seed
- Douglas Holdings Pty Ltd — Seed
- Jimilibi Pty Ltd — Seed
- Tapper Super Fund Pty Ltd — Seed