Next-Gen Benefits Platform Experiences 350% YoY Revenue Growth
New Providence, NJ, September 20, 2017 – EverythingBenefits, a next-generation software platform for automating the enrollment, administration and communication of health, voluntary and financial benefits data in a unique and proprietary way has received a $4.0M investment from Arthur Ventures. Use of funds will primarily be for continued product innovation, strategic growth initiatives and expansion of EverythingBenefits’ team.
Since going live with its first customer in early 2016, EverythingBenefits is beginning to dominate the market and is experiencing exceptional customer adoption. The Company’s software is pioneering how businesses leverage benefits-related data and currently connects more than 1,500 businesses directly to over 600 insurance carriers, financial providers, third party administrators, and government agencies.
Increased demand for a better, more highly automated solution is reflected by EverythingBenefits’ dynamic product roadmap. EverythingBenefits’ products are delivered over the Internet as a service and can be consumed as a complete suite or used individually, including traditional offerings such as Employee Self-Service Benefits Administration, COBRA Administration and 401(k) Integration.
“We are very excited to announce this investment from Arthur Ventures to support our continued growth, said Rachel Lyubovitzky, CEO of EverythingBenefits. “Receiving our Series A Funding sends a signal to the marketplace that EverythingBenefits and our solutions are highly valued for our innovations and continual advances on the benefits management space.”
“EverythingBenefits is beginning to change how insurance carriers sell their products into the market, said Bill Loss, Chairman of EverythingBenefits. “Rather than interrupting individuals to pitch them insurance, EverythingBenefits is collaborating with leading insurance, human resources, and payroll providers on how to interpret buying behavior by listening in and responding to real-life events as they occur.”.
“We look forward to working with the team at EverythingBenefits as they build next generation software products to disrupt the legacy benefits administration market, said Ryan Kruizenga, Partner at Arthur Ventures. “We are excited to welcome them into our growing family of elite software entrepreneurs building businesses beyond Silicon Valley.”
EverythingBenefits is a leading provider of next-generation, end-to-end benefit technology solutions and services that help businesses of all sizes and their employees experience benefits in more meaningful ways. By leveraging an open business model, EverythingBenefits partners with benefit brokers, independent agents, insurers, payroll or human capital management companies, and other providers. The company’s philosophy is that technology should make life simpler, more rewarding, and more enjoyable. For more information, please visit our web site at www.everythingbenefits.com or connect with us via LinkedIn, Twitter, or Facebook.