Ben, a London-based AI-powered platform helping global enterprises manage employee benefits, announced a $27.5 million (£20.8 million) funding round to accelerate product development and strengthen go-to-market execution amid rising enterprise demand. The round was led by Mercia Ventures, with continued support from Atomico, Cherry Ventures, DN Capital, and Seedcamp, alongside new investment from QuantumLight Capital, founded by Revolut’s Nik Storonsky.
The funding follows strong enterprise traction across Europe and North America, with support for employees in more than 140 countries and revenue growth exceeding tenfold since the previous round. Enterprises continue to face mounting complexity as employee benefits represent 10–30% of payroll and span multiple jurisdictions, regulations, and providers.
Ben addresses this challenge by unifying benefits into a single AI-native platform connecting employers, employees, brokers, and providers. The technology automates administrative workloads, delivers real-time visibility into costs and utilisation, and provides personalised guidance to employees, reducing waste while improving access and engagement.
“Employee benefits have never been more important — and never harder for global employers to manage,” said Sebastian Fallert, Co-founder and CEO of Ben. “For years, enterprises have been held back by fragmented systems and manual processes. AI changes that. It gives employers a way to tackle complexity at its source — in the rules, workflows and data that sit between HR, providers and payroll. This investment lets us bring that approach to more markets so benefits teams can spend less time on administration and more time supporting their people”.
Founded in 2019 by Sebastian Fallert and David Duckworth, Ben was built to modernise outdated benefits infrastructure using modern payments and AI technology. Customers include Virgin, Trainline, Octopus Energy, and Deliveroo, with expansion plans focused on market growth, product innovation, and deeper channel partnerships.
“Employee benefits are a huge expense for businesses but the current infrastructure is broken. Ben’s platform brings together employers, employees, brokers and providers to create an intelligent network that delivers value for everyone. The company is growing fast and winning against the big incumbents, and this investment will help to establish Ben as the ultimate platform for modern employee benefit management,” said Jonathan Kruger of Mercia Ventures.