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. 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.
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.
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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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| 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 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. 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 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 |
| 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 Empyrean
Empyrean has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Bloom Health and Empyrean. 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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Provider of a platform for employee insurance management
|
2009 | ||||
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Online employee communication solutions are delivered for enterprises.
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1998 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
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.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Empyrean
| 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 |
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. 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 |
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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| 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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Latest news on Empyrean
Frequently Asked Questions about Empyrean
When was Empyrean founded?
Empyrean was founded in 2006.
Where is Empyrean located?
Empyrean is headquartered in Houston, United States. It is registered at Houston, Texas, United States.
Is Empyrean a funded company?
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.
What does Empyrean do?
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.
Who are the top competitors of Empyrean?
Empyrean's top competitors include Accolade, Hinge Health and Alight.
What products or services does Empyrean offer?
Empyrean offers Benefits Administration Platform, Employee Engagement Solutions, and Compliance Services.
How many acquisitions has Empyrean made?
Empyrean has made 2 acquisitions, including Bloom Health, and Empyrean.
Who are Empyrean's investors?
Empyrean has 3 investors. Key investors include Securian Financial, FTV Capital, and Claritas Capital.
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