Ben, a London-based platform using AI to help global enterprises manage employee benefits, has raised €23.6 million (£20.8 million) to accelerate its product roadmap and strengthen its go-to-market capabilities to meet the growing demand.
The round was led by Mercia Ventures with participation from existing investors Atomico, Cherry Ventures, DN Capital, and Seedcamp, along with new backing from Revolut founder Nik Storonsky’s QuantumLight Capital.
This follows Ben’s €15.6 million Series A raise in 2022.
“Employee benefits have never been more important – and never harder for global employers to manage,” says Sebastian Fallert, co-founder and CEO of Ben.
In a broader 2025 European HRTech funding context, Ben’s raise stands out as one of the largest rounds reported this year in the space.
Across adjacent segments, EU-Startups has covered several smaller financings pointing to sustained investor interest in AI-driven workforce infrastructure. These include Zelt, a London-based HCM platform that raised €5.7 million to consolidate people operations such as onboarding, payroll and HR data; Orbio, which secured €6.4 million in Madrid to scale its AI-native human capital management system; Skillvue in Milan, which raised €5.5 million to support skills-based talent management; and Shyfter, a Brussels-based workforce management SaaS that raised €1.5 million for European expansion.
Together, these rounds amount to approximately €19 million in disclosed funding in adjacent HR and workforce technology segments in 2025.
Against this backdrop, Ben’s financing not only exceeds the typical deal size reported this year but also highlights investor appetite for platforms addressing the growing operational complexity of managing employees at scale, particularly in areas such as benefits administration that sit between HR, payroll and external providers.
“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,” adds Fallert.
Ben was founded in 2019 with the realisation that the benefits system was “fundamentally broken“. Co-founders Sebastian Fallert, who had previously built and sold travel app JustBook Mobile to Secret Escapes, and David Duckworth, who spent years in financial services at HSBC and Monitor Deloitte, had each seen how painful and outdated benefits administration had become.
Ben is an AI-native intelligent benefits platform, uniting a fragmented industry of brokers, providers and employers into a single ecosystem. Ben enables organisations to design, manage and scale benefits globally while giving employees choice, transparency and control.
Its AI-native technology automates admin-heavy work for HR teams, provides a real-time view of costs and utilisation, and gives clear, personalised guidance to employees.
The company’s customers include Mondelez, Trainline, Octopus Energy, Deliveroo and Zalando.
Jonathan Kruger of Mercia Ventures adds: “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.
“We’re very excited to be working with Seb, David and the rest of the team, alongside Atomico, Cherry Ventures, DN Capital, QuantumLight and Seedcamp.”
Ben now serves enterprises across Europe and North America and supports employees in more than 140 countries. The company has also reportedly grown its revenue more than tenfold since its previous funding round.
According to data provided by the company, employee benefits account for between 10% and 30% of payroll and are central to how companies attract and keep talent. However, for global employers with thousands of employees across different countries, each with its own rules, regulations, and providers, managing benefits has become increasingly difficult.
Ben looks to reduce that complexity by consolidating benefits into a single platform, connecting employers, employees, brokers and providers.
As part of its growth plans, Ben is looking to expand its go-to-market presence, invest further in its product roadmap and deepen its relationships with channel partners.
Read the orginal article: https://www.eu-startups.com/2025/12/used-by-deliveroo-and-zalando-the-uks-ben-secures-e23-6-million-to-scale-employee-benefits-platform/
