Ben, a London-based platform utilizing AI to assist international enterprises handle worker advantages, has raised €23.6 million (£20.8 million) to speed up its product roadmap and strengthen its go-to-market capabilities to fulfill the rising demand.
The spherical was led by Mercia Ventures with participation from current traders Atomico, Cherry Ventures, DN Capital, and Seedcamp, together with new backing from Revolut founder Nik Storonsky’s QuantumLight Capital.
This follows Ben’s €15.6 million Series A elevate in 2022.
“Worker advantages have by no means been extra necessary – and by no means tougher for international employers to handle,” says Sebastian Fallert, co-founder and CEO of Ben.
In a broader 2025 European HRTech funding context, Ben’s elevate stands out as one of many largest rounds reported this yr within the house.
Throughout adjoining segments, EU-Startups has lined a number of smaller financings pointing to sustained investor curiosity in AI-driven workforce infrastructure. These embrace Zelt, a London-based HCM platform that raised €5.7 million to consolidate individuals operations similar to onboarding, payroll and HR knowledge; Orbio, which secured €6.4 million in Madrid to scale its AI-native human capital administration system; Skillvue in Milan, which raised €5.5 million to assist skills-based expertise administration; and Shyfter, a Brussels-based workforce administration SaaS that raised €1.5 million for European enlargement.
Collectively, these rounds quantity to roughly €19 million in disclosed funding in adjoining HR and workforce expertise segments in 2025.
In opposition to this backdrop, Ben’s financing not solely exceeds the everyday deal measurement reported this yr but in addition highlights investor urge for food for platforms addressing the rising operational complexity of managing workers at scale, notably in areas similar to advantages administration that sit between HR, payroll and exterior suppliers.
“For years, enterprises have been held again by fragmented techniques and handbook processes. AI adjustments that. It provides employers a technique to sort out complexity at its supply – within the guidelines, workflows and knowledge that sit between HR, suppliers and payroll. This funding lets us carry that method to extra markets so advantages groups can spend much less time on administration and extra time supporting their individuals,” provides Fallert.
Ben was based in 2019 with the realisation that the advantages system was “essentially damaged“. Co-founders Sebastian Fallert, who had beforehand constructed and offered journey app JustBook Cell to Secret Escapes, and David Duckworth, who spent years in monetary companies at HSBC and Monitor Deloitte, had every seen how painful and outdated advantages administration had develop into.
Ben is an AI-native clever advantages platform, uniting a fragmented trade of brokers, suppliers and employers right into a single ecosystem. Ben permits organisations to design, handle and scale advantages globally whereas giving workers selection, transparency and management.
Its AI-native expertise automates admin-heavy work for HR groups, gives a real-time view of prices and utilisation, and provides clear, personalised steerage to workers.
The corporate’s prospects embrace Mondelez, Trainline, Octopus Vitality, Deliveroo and Zalando.
Jonathan Kruger of Mercia Ventures provides: “Worker advantages are an enormous expense for companies however the present infrastructure is damaged. Ben’s platform brings collectively employers, workers, brokers and suppliers to create an clever community that delivers worth for everybody. The corporate is rising quick and successful in opposition to the massive incumbents, and this funding will assist to determine Ben as the last word platform for contemporary worker profit administration.
“We’re very excited to be working with Seb, David and the remainder of the group, alongside Atomico, Cherry Ventures, DN Capital, QuantumLight and Seedcamp.”
Ben now serves enterprises throughout Europe and North America and helps workers in additional than 140 international locations. The corporate has additionally reportedly grown its income greater than tenfold since its earlier funding spherical.
In accordance with knowledge offered by the corporate, worker advantages account for between 10% and 30% of payroll and are central to how corporations appeal to and hold expertise. Nevertheless, for international employers with 1000’s of workers throughout completely different international locations, every with its personal guidelines, rules, and suppliers, managing advantages has develop into more and more troublesome.
Ben appears to be like to cut back that complexity by consolidating advantages right into a single platform, connecting employers, workers, brokers and suppliers.
As a part of its development plans, Ben is seeking to develop its go-to-market presence, make investments additional in its product roadmap and deepen its relationships with channel companions.
