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Benefitfocus Inc
Charleston, US · Founded 2013 · Delaware corporation · 877 employees on LinkedIn · 4 known investors
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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.
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. Jenkinsco-Founder and CEO2000–2017Shawn A. Jenkins co-founded and served as CEO of Benefitfocus from 2000 to 2017, leading the benefits administration software company through its IPO to a $1 billion valuation. He is currently co-founder and chairperson of 3Together, a platform for investing in healthcare and benefits-focused companies.
FJ
Francis J. Pelzer, VExecutive
DR
Donald R. Taylor, Jr.Chief Technology Officer
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Raymond A. AugustChief Operating Officer
MA
Milton A. AlpernChief Financial Officer2012–2016Milton Alpern is Chief Financial Officer and Secretary of Benefitfocus, a cloud-based benefits and health care administration software platform. He brings three decades of executive experience in technology and software companies, with background in financial operations, strategic planning, corporate finance, and public company management.
AL
Andrew L. HowellChief Commercial Officer
Board
JP
Joseph P. DiSabatoBoard director
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A. Lanham NapierBoard director
AH
DD
Douglas DennerlineBoard director
SM
Stephen M. SwadBoard director
Investors · 4
Reported raises · per SEC filings
Form D private placements$154.7M disclosed across 2 rounds · 2015–2020
▶$80MraisedJun 2020 · 1 investors · Other TechnologyRule 506(b)
▶$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
▶$74.7MraisedMar 2015 · 1 investors · Other TechnologyRule 506(c)
▶$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
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Related companies · 5
PlanSource Benefits AdministrationPlanSource 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.
ADPADP 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.
Bswiftbswift provides an AI-native benefits administration platform paired with expert service and an in-house engagement agency, helping HR teams manage enrollment, employee communications, and benefits engagement. It serves employers across industries, including large organizations, and offers tools such as an AI benefits assistant and personalization engine to increase benefits utilization and contain healthcare costs.
Employee NavigatorEmployee Navigator provides a benefits administration, HR management, and compliance platform used by employers and insurance brokers to manage employee benefits, ACA reporting, payroll integrations, onboarding, and time-off tracking. The platform connects employers, brokers, and industry partners through 600+ integrations.
IntuitIntuit 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 working in the same space as Benefitfocus Inc.
Acquisitions · 1
Early investors' stakes continue via these dealsTango Health
Tango Health provided SaaS tools for employers to manage employee benefits, initially health savings account administration and later ACA compliance and benefits decision-support.
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.