Ben Raises $27.5 Million to Fix Employee Benefits for Global Enterprises

Ben, the London-based platform using AI to help global enterprises manage employee benefits, led by David Duckworth and Sebastian Fallert, has raised $27.5m (£20.8m) led by Mercia Ventures with strong participation from existing investors Atomico, Cherry Ventures, DN Capital, and Seedcamp, along with new backing from Revolut founder Nik Storonsky’s QuantumLight Capital. 

The investment comes amid rapid growth, fueled by strong adoption among enterprises previously using legacy systems. Ben now serves companies across Europe and North America, supporting employees in over 140 countries, and has grown revenue more than tenfold since its last funding round.

Employee benefits, often 10–30% of payroll, are crucial for attracting and retaining talent, but global complexity makes management challenging. Ben simplifies this by consolidating benefits into a single platform that connects employers, employees, brokers, and providers.

Ben’s AI-native platform automates admin-heavy HR tasks, provides real-time visibility into costs and utilization, and delivers personalised guidance to employees, reducing waste, improving access, and boosting engagement.

“Employee benefits have never been more important, or harder to manage,” said Sebastian Fallert, Co-founder and CEO. “Fragmented systems and manual processes have held enterprises back. AI lets employers tackle complexity at its source and frees benefits teams to focus on supporting their people.”

Founded in 2019, Ben was created to fix a broken benefits system. Fallert, previously behind JustBook Mobile, and co-founder David Duckworth, with a background in financial services, built the company to modernize benefits administration using AI and modern payments infrastructure.

Ben serves leading customers including Virgin, Trainline, Octopus Energy, and Deliveroo. The company plans to expand its go-to-market presence, accelerate product development, and strengthen channel partnerships.

Jonathan Kruger of Mercia Ventures said, “Employee benefits are a huge cost, yet current systems are broken. Ben creates an intelligent network connecting employers, employees, brokers, and providers, delivering value for all. The company is growing fast and outpacing incumbents, and this investment will help establish Ben as the definitive platform for modern benefits management.”