About BenefitVault
BenefitVault is a company based in Philadelphia (United States) founded in 2013 by John Spivak and Eric Raymond. It operates as a B2B. BenefitVault has raised $3.8 million across 2 funding rounds. BenefitVault operates in a competitive market with competitors including Exactuals, InsurePay, SCIO Health Analytics, ePayPolicy and VPay, among others.
- Headquarter Philadelphia, United States
- Founders John Spivak, Eric Raymond
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Sectors
Financial Services
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$3.8 M (USD)
in 2 rounds
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Latest Funding Round
$2.9 M (USD), Series A
Aug 13, 2015
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Investors
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Employee Count
Employee Count
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Funding Insights of BenefitVault
BenefitVault has successfully raised a total of $3.8M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $2.9 million completed in August 2015. 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 Total Funding
- Total Rounds 2
- Last Round Series A — $2.9M
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First Round
First Round
(30 Apr 2014)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2015 | Amount | Series A - BenefitVault | Valuation |
investors |
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| Apr, 2014 | Amount | Seed - BenefitVault | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by BenefitVault
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - BenefitVault
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Benefitvault Comparisons
Competitors of BenefitVault
BenefitVault operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Exactuals, InsurePay, SCIO Health Analytics, ePayPolicy and VPay, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based payroll management is delivered to enterprises in creative sectors.
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| domain | founded_year | HQ Location |
Cloud-based payroll integration is provided for insurance premium collection.
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| domain | founded_year | HQ Location |
Provides payment integrity solutions for healthcare organizations
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| domain | founded_year | HQ Location |
Insurance payments are collected online via ACH and credit cards.
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| domain | founded_year | HQ Location |
Payment solutions provider for insurers
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| domain | founded_year | HQ Location |
Cloud-based platform for payroll-linked payment and identity solutions
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about BenefitVault
When was BenefitVault founded?
BenefitVault was founded in 2013 and raised its 1st funding round 1 year after it was founded.
Where is BenefitVault located?
BenefitVault is headquartered in Philadelphia, United States. It is registered at Philadelphia, Pennsylvania, United States.
Is BenefitVault a funded company?
BenefitVault is a funded company, having raised a total of $3.8M across 2 funding rounds to date. The company's 1st funding round was a Seed of $900K, raised on Apr 30, 2014.
What does BenefitVault do?
BenefitVault, led by John Spivak as Founder, Eric Raymond as Co-Founder, specializes in finance, offering insurance products, facilitating payment transactions, and insurance solutions. Offers innovative solutions for insurance payments processing. The team drives innovation, quality service, and sustainable practices to achieve excellence and client satisfaction.
Who are the top competitors of BenefitVault?
BenefitVault's top competitors include Exactuals, ePayPolicy and SCIO Health Analytics.