About Businessolver
Businessolver is a company based in West Des Moines (United States) founded in 1998.. Businessolver has raised $65.16 million across 3 funding rounds from investors including Warburg Pincus, JMI Management and Stone Point Capital. Businessolver has completed 2 acquisitions, including The Capstone Group and Workterra. Businessolver offers products and services including Benefitsolver, MyChoice Accounts, and Workterra Compliance Dashboard. Businessolver operates in a competitive market with competitors including Alight, Swile, Wright Express, Konfío and Justworks, among others.
- Headquarter West Des Moines, United States
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Sectors
Financial ServicesTechnology Healthcare
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Businessolver.Com, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$65.16 M (USD)
in 3 rounds
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Latest Funding Round
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Investors
Warburg Pincus
& 2 more
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Employee Count
Employee Count
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Investments & Acquisitions
The Capstone Group
& 1 more
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Products & Services of Businessolver
Businessolver offers a comprehensive portfolio of products and services, including Benefitsolver, MyChoice Accounts, and Workterra Compliance Dashboard. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for managing employee benefits and engagement tools.
System for simplified consumer account administration.
Tool for tracking federal and state laws and regulations.
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Software Development Team
120 people
Leadership Team
63 people
Client Team
54 people
Sales and Marketing
30 people
Senior Team
24 people
Operations Team
22 people
Creative and Marketing Team
15 people
Onboarding Team
9 people
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Funding Insights of Businessolver
Businessolver has successfully raised a total of $65.16M across 3 strategic funding rounds. 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 3
- Last Round Last Round
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First Round
First Round
(06 May 2014)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2021 | Amount | Private Equity Round - Businessolver | Valuation | Stone Point Capital | |
| Jun, 2018 | Amount | Private Equity Round - Businessolver | Valuation | Warburg Pincus |
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| May, 2014 | Amount | Private Equity Round - Businessolver | Valuation | JMI Management |
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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 |
Investors in Businessolver
Businessolver has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Warburg Pincus, JMI Management and Stone Point Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Private equity firm investing in software companies
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Founded Year | Domain | Location | |
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Multi-stage private equity investments are pursued across diverse sectors.
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Founded Year | Domain | Location | |
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Private equity firm investing in global financial services sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Businessolver
Businessolver has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include The Capstone Group and Workterra. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Employee benefits compliance and administration services are provided to employers.
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2005 | ||||
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A cloud-based HRMS suite is delivered by Workterra.
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2005 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Businessolver
| 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 |
Businessolver Comparisons
Competitors of Businessolver
Businessolver 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 Alight, Swile, Wright Express, Konfío and Justworks, 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 HRMS solutions are offered for enterprise HR management.
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| domain | founded_year | HQ Location |
A card-linked wallet is provided for employee financial management.
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| domain | founded_year | HQ Location |
Employee benefit administration and payment solutions are provided for enterprises.
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| domain | founded_year | HQ Location |
Financial solutions platform provider
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| domain | founded_year | HQ Location |
Benefits administration and payroll management are provided for businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Latest news on Businessolver
Frequently Asked Questions about Businessolver
When was Businessolver founded?
Businessolver was founded in 1998 and raised its 1st funding round 16 years after it was founded.
Where is Businessolver located?
Businessolver is headquartered in West Des Moines, United States. It is registered at West Des Moines, Iowa, United States.
Is Businessolver a funded company?
Businessolver is a funded company, having raised a total of $65.16M across 3 funding rounds to date. The company's 1st funding round was a Private Equity Round of $65.16M, raised on May 06, 2014.
What does Businessolver do?
Cloud-based employee benefits administration solution. Its online benefits enrollment software, Benefitsolver, delivers a SaaS-based benefits administration solution that empowers employees to easily enroll based on eligibility thats determined on the same platform. It also includes detailed analytics and reporting tools, COBRA administration, workflow, and communication toolset. It offers web-based tools for benefits billing and financial reporting to deliver reconciled bills that are easily reportable by division, location, carrier, and more.
Who are the top competitors of Businessolver?
Businessolver's top competitors include Alight, Wright Express and League.
What products or services does Businessolver offer?
Businessolver offers Benefitsolver, MyChoice Accounts, and Workterra Compliance Dashboard.
How many acquisitions has Businessolver made?
Businessolver has made 2 acquisitions, including The Capstone Group, and Workterra.
Who are Businessolver's investors?
Businessolver has 3 investors. Key investors include Warburg Pincus, JMI Management, and Stone Point Capital.
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