About Highway Benefits
Highway Benefits is a company based in Manhattan Beach (United States) founded in 2021 by Michael MacLaverty and Cory Micheel. Highway Benefits has raised $6.66 million across 5 funding rounds from investors including XYZ Venture Capital and Roger Ferguson. Highway Benefits offers products and services including Student Loan Repayments, Tuition Reimbursement, and Student Loan 401(k) Match. Highway Benefits operates in a competitive market with competitors including Southern AgCredit, Central Texas Farm Credit, Crystal Business Funding and Farm Credit Southeast Missouri, among others.
- Headquarter Manhattan Beach, United States
- Founders Michael MacLaverty, Cory Micheel
- SectorsFinancial Services
- Website highwaybenefits.com
- Social LinkedIn X
- Total Equity Funding$6.66M (USD)
in 5 rounds
- Latest Funding Round$350K (USD), Seed
Apr 2025
- InvestorsXYZ Venture Capital
& 1 more
Products & Services of Highway Benefits
Highway Benefits offers a comprehensive portfolio of products and services, including Student Loan Repayments, Tuition Reimbursement, and Student Loan 401(k) Match.
Platform for tax-free employer contributions to employee student loans.
Service for funding employee continued education and development.
Matches employee loan payments with retirement contributions.
Funding Insights of Highway Benefits
Highway Benefits has successfully raised a total of $6.66M across 5 strategic funding rounds. The most recent funding activity was a Seed round of $350 thousand completed in April 2025. 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 $6.66M
- Total Rounds 5
- Last Round Seed — $350,000
- First Round $500,000
(Aug 2021)
- Investors Count 2
All 5 funding rounds of Highway Benefits with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2025 | $350,000 | Seed | – | – | – |
| Mar 2023 | $3.1M | Seed | – | XYZ Venture Capital | |
| Jul 2022 | $2.61M | Seed | – | – | – |
| Jan 2022 | $100,000 | Seed | – | – | – |
| Aug 2021 | $500,000 | Seed | – | – | – |
2 investors in total: 1 institutional and 1 angel.
Investors in Highway Benefits
Highway Benefits has secured backing from 2 investors, including venture fund and angel investors. Prominent investors backing the company include XYZ Venture Capital and Roger Ferguson.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments in early-stage companies are managed by XYZ Venture Capital. | – | xyz.vc | San Francisco, United States | |
RF Roger Ferguson | Indian angel investor, tech enthusiast, active in early-stage startups | – | unknown_e26d81bb8f9c48a09 | - |
Investor details for Highway Benefits
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Highway Benefits
4 people are tracked at Highway Benefits (3 in leadership, 1 in team).
| Name | Role | Group |
|---|---|---|
Michael MacLaverty | Co-Founder | Leadership |
Cory Micheel | Co-Founder | Leadership |
Josh Quintana | VP of Engineering | Leadership |
Christine Nguyen | Lead Product Manager | Team |
Complete people profiles for Highway Benefits
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Highway Benefits
3 dated milestones of Highway Benefits across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Highway Benefits is founded.
- Funding First funding round of $500K.
- Funding Latest funding round, Seed, of $350K.
Competitors of Highway Benefits
Highway Benefits 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 Southern AgCredit, Central Texas Farm Credit, Crystal Business Funding and Farm Credit Southeast Missouri, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| southernagcredit.com | 1916 | Ridgeland, United States | – | – | Offers loans for agriculture, land, equipment, and agribusiness services. | |
| centraltexasfarmcredit.com | 1916 | Early, United States | – | – | Offers farm, ranch, and agricultural loans in Central Texas region. | |
| crystalbusinessfunding.com | 2023 | New York, United States | – | – | Provides quick loans, equipment financing, and invoice factoring for small businesses. | |
| farmcreditsemo.com | 1994 | Dexter, United States | – | – | Offers loans for farms, equipment, rural homes, and insurance services to agricultural clients. |
Detailed competitors of Highway Benefits
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Highway Benefits
The website of Highway Benefits (highwaybenefits.com) receives about 4.5K visits a month.
- Monthly visits4.5K
▼ 4.9% vs previous month
Similar companies to Highway Benefits
10 companies that operate in the same segment as Highway Benefits (Consumer and SME Loans), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Synchrony is engaged in providing credit cards and banking services. | 1993 | Salem, United States | USD 25 M | USD 19.12 B | 20,000 | |
Consumer and SME loans are provided by Manappuram Finance. | 1992 | Valapad, Kerala, India | USD 39.98 M | USD 1.01 B | 51,650 | |
Full-stack marketplace services for car ownership are provided. | 2015 | Singapore, Singapore | USD 685.9 M | USD 806.83 M | 1,000 | |
Affordable home loans are extended to low and middle-income groups. | 2010 | Mumbai, Maharashtra, India | USD 209.7 M | USD 203.79 M | 1,630 | |
Diversified lending services are provided as a non-banking financial institution. | 1994 | Mumbai, Maharashtra, India | – | USD 1.9 B | 36,520 | |
Financial solutions including loans and insurance are offered. | 2007 | Pune, Maharashtra, India | – | USD 15.24 B | 126 | |
Household and business loans are provided with risk management support. | 2006 | Chennai, Tamil Nadu, India | USD 283.47 M | USD 288.73 M | 1,100 | |
Online gold, home, personal, and business loans are provided. | 1995 | Mumbai, Maharashtra, India | – | USD 1.38 B | 38,720 | |
An online lending platform for point-of-sale financing is provided. | 2013 | Bengaluru, Karnataka, India | USD 205.92 M | USD 3.93 M | 499 | |
Housing loans are extended to middle-income households in India. | 2010 | Gurugram, Haryana, India | USD 111.02 M | USD 162.86 M | 3,820 |
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Frequently Asked Questions about Highway Benefits
Highway Benefits was founded in 2021.
Highway Benefits is headquartered in Manhattan Beach, United States. It is registered at Manhattan Beach, California, United States.
Highway Benefits is a funded company, having raised a total of $6.66M across 5 funding rounds to date. The company's 1st funding round was a Seed of $500K, raised on Aug 2021.
Highway Benefits was established in 2021 by co-founders Michael MacLaverty and Cory Micheel in Manhattan Beach, United States. Cooperative education loans are offered through the companys online platform at highwaybenefits.com, targeting student borrowers in the financial services sector. Operations center on facilitating accessible loan options for educational purposes, with a focus on collaborative funding models within the U.S. market.
Highway Benefits's top competitors include Southern AgCredit, Central Texas Farm Credit and Crystal Business Funding.
Highway Benefits offers Student Loan Repayments, Tuition Reimbursement, and Student Loan 401(k) Match.
Highway Benefits has 2 investors. Key investors include XYZ Venture Capital, and Roger Ferguson.