# Benefitfocus

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/benefitfocus

- Industry: Software
- Headquarters: Charleston, US
- Website: www.benefitfocus.com
- Latest round: Series B (Aug 1, 2010)
- Investors on record: 1

## About

Benefitfocus, Inc. is a leading provider of benefits management solutions, facilitating the administration of employee benefits programs through advanced technology and data analytics to enhance engagement and optimize health outcomes.Founded in 2000 and headquartered in Charleston, US, Benefitfocus, Inc. specializes in benefits administration solutions. The company raised USD 80.00 mn in a PIPE funding round in 2013, attracting investors like BuildGroup. Over its history, Benefitfocus has completed 6 deals, with the latest occurring on September 17, 2013. Steve Swad is the current CEO, guiding the company's strategic direction.Benefitfocus offers a comprehensive suite of benefits management solutions designed to streamline the administration of employee benefits programs. Their core offerings include benefits administration, billing and payroll solutions, data analytics, and employee engagement tools. The platform serves a diverse client base, including employers across various industries who seek to optimize their benefits programs and improve employee understanding and utilization of available services. Benefitfocus operates in multiple geographical markets, including the United States and select international regions, facilitating a modern benefits experience that addresses the needs of both employers and health plans.In the most recent year of 2021, Benefitfocus reported a revenue of USD 263.10 mn and an EBITDA of USD 19.87 mn. The revenue primarily stems from subscription-based services for their benefits management tools, which foster long-term relationships with clients while providing continuous access to technology and resources.Benefitfocus aims to enhance its product offerings by developing new features tailored to evolving market needs. The company has plans to expand its services into new geographic regions, focusing on international markets by 2025. The recent PIPE funding of USD 80.00 mn will be strategically utilized to support these initiatives, ensuring the company remains competitive and responsive to customer demands.

## Funding rounds

- Series B, Aug 1, 2010 — Oak Investment Partners

## Investors

- Oak Investment Partners (https://capitalatlas.ai/funds/oak-investment-partners) — Series B