BenefitMall
Latest round
- Series C
Last raised
- Jan 2002
Total raised
- $17M
Investors
- 5
About BenefitMall
BenefitMall, Inc.Founded in 1979 in Dallas, US, BenefitMall is a general agency specializing in employee benefits and insurance solutions. The company has undergone strategic developments but continues to operate independently.BenefitMall operates primarily as a general agency providing a broad range of employee benefits and insurance solutions catered to small and large businesses. Their core product offerings include Small Group Benefits Solutions, Large Group Benefits Solutions, and ancillary products designed to support clients in controlling costs while attracting talent. BenefitMall's Client Ready Quote System® (CRQS) is a key technology platform that enhances the quoting process, enabling brokers to generate efficient, multi-carrier quotes swiftly.BenefitMall generates revenue through a structured commission-based model, typical in the insurance brokerage industry. The company reported a revenue of USD 200,000,000 for the year 2016.In August 2022, Truist Insurance Holdings, Inc. agreed to acquire BenefitMall, Inc. from Carlyle Group, with financial terms undisclosed. This acquisition is expected to support Truist in expanding its business solutions. Future growth strategies may include an introduction of new products and expansion into new markets, although specific details about product launches or geographic targets have not been disclosed.
Who invested in BenefitMall
5 investors across 1 round
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Funding rounds
Series C
Jan 21, 2002
Amount
$17M
Investors
Questions about BenefitMall
Who invested in BenefitMall?
BenefitMall has 5 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has BenefitMall raised?
BenefitMall has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did BenefitMall last raise money?
BenefitMall's most recent round on record is a Series C, in Jan 2002.
What does BenefitMall do?
BenefitMall is a insurance company.
Where is BenefitMall headquartered?
BenefitMall is headquartered in Dallas, US.
Which VCs invest in companies like BenefitMall?
Among active investors with capital left to deploy, Radical Ventures, Ribbit Capital, TrueBridge Capital Partners and Tribe Capital back insurance companies at BenefitMall's stage. Their profiles are linked below.
VCs backing insurance startups at Series C
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