About CoAdvantage
CoAdvantage is a company based in Tampa (United States) founded in 1997 was acquired by Aquiline Capital Partners in July 2019.. CoAdvantage has completed 7 acquisitions, including Compensation Solutions, MomentumHR and PlanSource. CoAdvantage offers products and services including Payroll Processing, Benefits Management, Risk Management, and HR Technology. CoAdvantage operates in a competitive market with competitors including Randstad, ADP, Insperity, Alera Group and UKG, among others.
- Headquarter Tampa, United States
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Sectors
Business 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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Latest Funding Round
$2 M (USD), Grant
Sep 14, 2010
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Investors
Morgan Stanley
& 4 more
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Employee Count
Employee Count
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Investments & Acquisitions
Compensation Solutions
& 6 more
- Acquired by
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Products & Services of CoAdvantage
CoAdvantage offers a comprehensive portfolio of products and services, including Payroll Processing, Benefits Management, Risk Management, and HR Technology. 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.
Manages payroll tasks and related functions for businesses efficiently.
Provides affordable benefits access for employees in various organizations.
Ensures workplace safety and regulatory compliance for client companies.
Offers secure platforms for efficient HR activities and data management.
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Funding Insights of CoAdvantage
- Total Funding Total Funding
- Total Rounds 1
- Last Round Grant — $2.0M
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First Round
First Round
(14 Sep 2010)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Sep, 2010 | Amount | Grant - CoAdvantage | Valuation |
investors |
| 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 CoAdvantage
CoAdvantage has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include Morgan Stanley, Aquiline Capital Partners and OSTI.GOV. 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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Constitution Capital Partners is engaged in alternative investment management.
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Founded Year | Domain | Location | |
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Private equity investments are focused on middle-market growth companies.
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Founded Year | Domain | Location | |
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Private equity and debt investments are directed toward financial 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 CoAdvantage
CoAdvantage has strategically engaged in corporate development activities, having acquired 7 companies. Notable acquisitions include Compensation Solutions, MomentumHR and PlanSource. 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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End-to-end HR services are provided to employers.
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2010 | ||||
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Cloud-based HR and benefits administration is offered for SMBs.
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2008 | ||||
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Provider of HR management services
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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 - CoAdvantage
| 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 |
Coadvantage Comparisons
Competitors of CoAdvantage
CoAdvantage 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 Randstad, ADP, Insperity, Alera Group and UKG, 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 |
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| domain | founded_year | HQ Location |
HR consulting, recruitment, and outsourcing services are offered worldwide.
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| domain | founded_year | HQ Location |
Cloud-based HR management solutions are offered for payroll and compliance.
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| domain | founded_year | HQ Location |
HR outsourcing services are provided to businesses by Insperity.
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| domain | founded_year | HQ Location |
HR, insurance, and liability services are provided by Alera Group.
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| domain | founded_year | HQ Location |
Provider of HR and payroll & workforce management solutions
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| domain | founded_year | HQ Location |
HR management, recruitment, and staffing services are provided.
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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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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 Coadvantage
Frequently Asked Questions about CoAdvantage
When was CoAdvantage founded?
CoAdvantage was founded in 1997 and raised its 1st funding round 13 years after it was founded.
Where is CoAdvantage located?
CoAdvantage is headquartered in Tampa, United States. It is registered at Tampa, Florida, United States.
Who is the current CEO of CoAdvantage?
Clinton Burgess is the current CEO of CoAdvantage.
What does CoAdvantage do?
CoAdvantage was established in 1997 and is based in Tampa, United States. Human resources and employee benefits solutions are offered to companies seeking outsourcing support. Core operations include payroll processing, compliance management, and benefits administration. Services are tailored for small to mid-sized businesses in the professional services sector. Leadership is provided by CEO and President Clinton Burgess.
Who are the top competitors of CoAdvantage?
CoAdvantage's top competitors include Randstad, CIEL HR and Alera Group.
What products or services does CoAdvantage offer?
CoAdvantage offers Payroll Processing, Benefits Management, Risk Management, and HR Technology.
How many acquisitions has CoAdvantage made?
CoAdvantage has made 7 acquisitions, including Compensation Solutions, MomentumHR, and PlanSource.
Who are CoAdvantage's investors?
CoAdvantage has 5 investors. Key investors include Morgan Stanley, Aquiline Capital Partners, OSTI.GOV, Constitution Capital Partners, and CIP Capital.
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