About Benefitter
Benefitter is a Financial Services company based in San Francisco (United States) founded in 2012, and was acquired by HealthMarkets in August 2015. SaaS-based employee benefit management tools. It operates in the Financial Services, Technology, and Healthcare sectors. Benefitter has raised $7.16 million across 3 funding rounds from investors including HealthMarkets, Asset Management Partners and Rock Health. Benefitter offers products and services including Quoting Software, Underwriting App, and Enrollment System. Its focus areas include Enterprise Applications, HRTech, Employee Benefits and Health Benefits. Its legal entity is BENEFITTER INSURANCE SOLUTIONS, INC. Its competitors include Hinge Health, Accolade and Sharecare; 3 of its 3 listed competitors have raised funding.
Company details
Benefitter offers SaaS-based benefit management and employee decision support for the transition from group benefits to individual benefits. Offers solutions using analytics for employers to choose the plan for individual insurance market. Helps employees through the enrollment process. Was acquired by HealthMarkets in August, 2015. Healthmarkets is the dba or assumed name of Insphere Insurance Solutions, which is licensed as an insurance agency in 49 states and DC.
- Headquarters San Francisco, United States
- Stage Acquired
- SectorsFinancial ServicesTechnology Healthcare
- Website benefitter.com
- Social LinkedIn X Facebook
- Acquired by HealthMarkets (Aug 2015)
- Legal Name Benefitter Insurance Solutions, Inc
- Total Equity Funding$7.16M (USD)
in 3 rounds
- Latest Funding Round$4.36M (USD), Series A
Jun 2014
- InvestorsHealthMarkets
& 2 more
- Acquired byHealthMarkets
(Aug 2015)
Products & Services of Benefitter
Benefitter offers a comprehensive portfolio of products and services, including Quoting Software, Underwriting App, and Enrollment System.
Platform for building multi-carrier insurance proposals quickly
Mobile app for simplifying underwriting questionnaires
System for collecting employee elections via smartphone
Funding Insights of Benefitter
Benefitter has successfully raised a total of $7.16M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $4.36 million completed in June 2014. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $7.16M
- Total Rounds 3
- Last Round Series A — $4.36M
- First Round $100,000
(Oct 2012)
- Investors Count 2
All 3 funding rounds of Benefitter with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2014 | $4.36M | Series A | – | – | |
| Feb 2013 | $2.7M | Angel Round | – | – | – |
| Oct 2012 | $100,000 | Seed | – | Rock Health | – |
3 investors in total: 3 institutional.
Investors in Benefitter
Benefitter has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include HealthMarkets, Asset Management Partners and Rock Health.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Digital Health focused VC & Accelerator firm investing in the US | rockhealth.com | San Francisco, United States | ||
Offers personalized wealth management, investment advice, and real estate services. | 1996 | assetmanagementpartners.ch | Baar, Switzerland | |
Provider of health insurance and medicare plans for individuals, families, seniors, and small businesses | 2010 | healthmarkets.com | Worth, United States |
Investor details for Benefitter
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of Benefitter
4 dated milestones of Benefitter across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Benefitter is founded.
- Funding First funding round of $100K.
- Funding Latest funding round, Series A, of $4.4M.
- Exit Acquired by HealthMarkets.
Competitors of Benefitter
Benefitter has 3 listed competitors in our database, 3 of them funded. They include Hinge Health, Accolade and Sharecare.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| hingehealth.com | 2015 | San Francisco, United States | $854.44M | 1,442 | Virtual physical therapy and digital pain care solutions are provided. | |
| accolade.com | 2007 | Plymouth Meeting, United States | $228.3M | Employee health benefits are facilitated via a cloud-based platform. | ||
| sharecare.com | 2010 | Atlanta, United States | $64M | 1,988 | Health and wellness social network for employees is provided. |
Detailed competitors of Benefitter
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Benefitter
The website of Benefitter (benefitter.com) receives about 7.1K visits a month.
- Monthly visits7.1K
▼ 36.3% vs previous month
Websites whose visitors overlap most with Benefitter. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| rockhealth.com | 100% | #823,838 | View details | ||
| neurotrack.com | 96% | 11.3K | #1,851,582 | View details |
Top companies in Insurance & Risk Management
3 companies that operate in the same segment as Benefitter (Insurance & Risk Management) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Investment advisory, insurance distribution, and risk management services are provided. | 1998 | Chicago, Illinois, United States | USD 1.6 B | |||
Financial institution offering insurance & transaction services | 1847 | Jacksonville, United States | USD 500 M | USD 14.51 B | 23,530 | |
Integrated healthcare services and coverage are provided nationwide. | 1945 | United States |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Frequently Asked Questions about Benefitter
Benefitter was founded in 2012.
Benefitter is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Benefitter is a funded company, having raised a total of $7.16M across 3 funding rounds to date. The company's 1st funding round was a Seed of $100K, raised on Oct 2012.
Benefitter offers SaaS-based benefit management and employee decision support for the transition from group benefits to individual benefits. Offers solutions using analytics for employers to choose the plan for individual insurance market. Helps employees through the enrollment process. Was acquired by HealthMarkets in August, 2015. Healthmarkets is the dba or assumed name of Insphere Insurance Solutions, which is licensed as an insurance agency in 49 states and DC.
Benefitter's top competitors include Accolade, Hinge Health and Sharecare.
Benefitter offers Quoting Software, Underwriting App, and Enrollment System.
Benefitter has 3 investors. Key investors include HealthMarkets, Asset Management Partners, and Rock Health.
Benefitter operates through Benefitter Insurance Solutions, Inc.
Yes. Benefitter was acquired by HealthMarkets in August 2015.