Fundraising Fox

Benefitfocus Inc

Charleston, US · Founded 2013 · Delaware corporation · 4 known investors

benefitfocus.com ↗

Benefitfocus provides cloud-based software solutions for benefits and health care administration, serving employers, health plans, and brokers. The platform simplifies benefits administration and reduces health care and benefits costs.

Cloud ComputingEnterprise SoftwareHR Tech

Founders & leadership

Benefitfocus Inc was founded in 2013 by Mason R. Holland, Jr. and Shawn A. Jenkins.

MR
Mason R. Holland, Jr.Executive Chairman, Director
SA
Shawn A. JenkinsPresident and Chief Executive Officer, Director
FJ
Francis J. Pelzer, VExecutive
DR
Donald R. Taylor, Jr.Chief Technology Officer
RA
Raymond A. AugustChief Operating Officer
MA
Milton A. AlpernChief Financial Officer and Secretary
ALAndrew L. Howell
Andrew L. HowellChief Commercial Officer

Board

JP
Joseph P. DiSabatoBoard director
AL
A. Lanham NapierBoard director
AHAnn H. Lamont
Ann H. LamontBoard directorManaging Partner at Oak Investment Partners
DD
Douglas DennerlineBoard director
SM
Stephen M. SwadBoard director

Investors · 4

BuildGroupAustin
CouncilNashville · $2M – $100M
Oak HC/FTStamford
Oak Investment PartnersWilton

Reported raises · per SEC filings

Form D private placements

$154.7M disclosed across 2 rounds · 2015–2020

▶$80MraisedJun 2020 · 1 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Annmarie FiniExecutive Officer
  • Douglas DennerlineDirector
  • Raymond A. AugustExecutive Officer, Director
  • Mason R. Holland, Jr.Director
  • A. Lanham NapierDirector
  • James RestivoExecutive Officer
  • Stephen M. SwadExecutive Officer
  • Francis PelzerDirector
  • Ana WhiteDirector
Offering amount
$80M
Amount sold
$80M
First sale
Jun 2020
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$74.7MraisedMar 2015 · 1 investors · Other Technology
Rule 506(c)
Officers, directors & promoters on the filing
  • Francis J. Pelzer, VDirector
  • Joseph P. DiSabatoDirector
  • Donald R. Taylor, Jr.Executive Officer
  • Raymond A. AugustExecutive Officer
  • Milton A. AlpernExecutive Officer
  • Mason R. Holland, Jr.Executive Officer, Director
  • Andrew L. HowellExecutive Officer
  • Shawn A. JenkinsExecutive Officer, Director
  • Douglas A. DennerlineDirector
  • A. Lanham NapierDirector
  • Ann H. LamontDirector
  • Stephen M. SwadDirector
Offering amount
$90.1M
Amount sold
$74.7M
First sale
Feb 2015
Incorporated
Corporation, Delaware, 2013
Federal exemptions
06c
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Competitors · 5

by search overlap
PlanSource Benefits Administration1015 shared keywordsPlanSource provides a benefits administration platform that helps organizations manage employee benefits enrollment, administration, and decision-making using AI-powered tools. The platform serves employers and benefits administrators seeking to modernize benefits management processes.
ADP857 shared keywordsADP provides cloud-based human capital management solutions that integrate payroll, HR, talent management, time and attendance, tax, and benefits administration for businesses globally. The company serves as a comprehensive provider of HCM software and business outsourcing services with analytics and compliance expertise.
Bswift781 shared keywordsbswift is an AI-native benefits administration platform that helps employers manage enrollment, eligibility, and compliance, offering both fully customizable (Unlimited) and pre-defined (Simplify) implementation paths. It also provides COBRA and compliance administration, dependent verification, payroll reconciliation, a 24/7 employee service center, and data-driven engagement tools for enterprises, mid-market employers, brokers, and channel partners.
Employee Navigator714 shared keywordsEmployee Navigator provides an all-in-one benefits administration and HR platform used by insurance brokers, employers, and integrated partners to manage benefits enrollment and HR tasks. Launched in 2008, it serves over 7,000 brokers and 195,000+ companies across the US and integrates with insurance carriers and payroll providers.
Intuit®674 shared keywordsIntuit develops financial software products—including TurboTax, Credit Karma, QuickBooks, and Mailchimp—for consumers and small businesses to manage taxes, credit, accounting, and marketing. It serves approximately 100 million customers worldwide.

Companies competing with Benefitfocus Inc for the same Google search keywords, organic and paid, via search-intersection analysis.

In the news

Benefitfocus shares jump in debut as investors look to the cloud | Reutersreuters.com · Sep 2013

Frequently asked questions

What does Benefitfocus Inc do?
Benefitfocus provides cloud-based software solutions for benefits and health care administration, serving employers, health plans, and brokers. The platform simplifies benefits administration and reduces health care and benefits costs.
Who founded Benefitfocus Inc?
Benefitfocus Inc was founded by Mason R. Holland, Jr., Shawn A. Jenkins in 2013.
Who are Benefitfocus Inc's investors?
Benefitfocus Inc's investors include BuildGroup, Council, Oak HC/FT, Oak Investment Partners.
How much funding has Benefitfocus Inc raised?
Benefitfocus Inc has disclosed $154.7M raised across 2 rounds.
Where is Benefitfocus Inc headquartered?
Benefitfocus Inc is headquartered in Charleston, US.