About Empyrean
Empyrean is a company based in Houston (United States) founded in 2006 was acquired by Securian Financial in November 2019. It operates as a SaaS (Software-as-a-Service) and Managed Services. Empyrean has raised $55.99 million across 4 funding rounds from investors including Securian Financial, FTV Capital and Claritas Capital. Empyrean has completed 2 acquisitions, including Bloom Health and Empyrean. Empyrean offers products and services including Benefits Administration Platform, Employee Engagement Solutions, and Compliance Services. Empyrean operates in a competitive market with competitors including Hinge Health, Alight, Swile, Practo and Accolade, among others.
- Headquarter Houston, United States
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Sectors
TechnologyHealthcare
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Empyrean Benefits Solutions
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$55.99 M (USD)
in 4 rounds
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Latest Funding Round
$10 M (USD), Series C
Apr 03, 2015
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Investors
Securian Financial
& 2 more
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Employee Count
Employee Count
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Investments & Acquisitions
Bloom Health
& 1 more
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Acquired by
Securian Financial
(Nov 25, 2019)
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Products & Services of Empyrean
Empyrean offers a comprehensive portfolio of products and services, including Benefits Administration Platform, Employee Engagement Solutions, and Compliance Services.
A platform is provided for managing employee benefits efficiently.
Solutions are offered to enhance employee engagement and satisfaction.
Compliance support is provided for ACA and COBRA regulations.
People of Empyrean
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Funding Insights of Empyrean
Empyrean has successfully raised a total of $55.99M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $10 million completed in April 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 4
- Last Round Series C — $10.0M
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First Round
First Round
(27 Jul 2006)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2015 | Amount | Series C - Empyrean | Valuation |
investors |
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| Feb, 2013 | Amount | Series C - Empyrean | Valuation | FTV Capital |
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| May, 2007 | Amount | Series B - Empyrean | Valuation |
investors |
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Investors in Empyrean
Empyrean has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Securian Financial, FTV Capital and Claritas Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity investment firm
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Founded Year | Domain | Location | |
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Venture capital is provided to early-stage real estate projects.
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Founded Year | Domain | Location | |
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Financial holding company
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Founded Year | Domain | Location |
Investments & Acquisitions by Empyrean
Empyrean has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Bloom Health and Empyrean.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provider of a platform for employee insurance management
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2009 | ||||
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Online employee communication solutions are delivered for enterprises.
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1998 |
Financial Statements - Empyrean
Empyrean Comparisons
Competitors of Empyrean
Empyrean 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 Hinge Health, Alight, Swile, Practo and Accolade, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Virtual physical therapy and digital pain care solutions are provided.
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| 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 |
Doctor appointments are booked and healthcare professionals are consulted online.
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| domain | founded_year | HQ Location |
Employee health benefits are facilitated via a cloud-based platform.
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| domain | founded_year | HQ Location |
Employee benefit administration and payment solutions are provided for enterprises.
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Frequently Asked Questions about Empyrean
Empyrean was founded in 2006.
Empyrean is headquartered in Houston, United States. It is registered at Houston, Texas, United States.
Empyrean is a funded company, having raised a total of $55.99M across 4 funding rounds to date. The company's 1st funding round was a Series B of $1.8M, raised on Jul 27, 2006.
Empyrean is established as a leading provider of technology-driven solutions for benefits administration and workforce engagement. Services are delivered across industries such as healthcare, transportation, retail, and manufacturing. Comprehensive platforms are offered to simplify eligibility, enrollment, reporting, and compliance with regulations like ACA and COBRA. Employee experiences are enhanced through mobile apps, omnichannel communications, and personalized support. A service-first approach is maintained to ensure client success, with administrative services and AI technology integrated to optimize efficiency and engagement. Solutions are tailored to empower HR teams and improve organizational outcomes through data-driven insights and scalable systems.
Empyrean's top competitors include Accolade, Hinge Health and Alight.
Empyrean offers Benefits Administration Platform, Employee Engagement Solutions, and Compliance Services.
Empyrean has made 2 acquisitions, including Bloom Health, and Empyrean.
Empyrean has 3 investors. Key investors include Securian Financial, FTV Capital, and Claritas Capital.