About SEB
SEB is a Financial Services company based in Toronto (Canada) founded in 2011, and was acquired by The Co-operators in January 2023. Digital transformation and employee benefits solutions are provided by SEB. It operates on a Managed Services and Professional Services model. SEB has completed 5 acquisitions, including Maplesoft Group, Paradigm Consulting and Paradigm Group. Its chief executive, as recorded, is John McKimm. SEB offers products and services including Business Process Services, IT Services, and Professional Services. Its focus areas include Technology, IT Services, Digital Transformation and Healthcare. Its legal entity is Smart Employee Benefits Inc.
Company details
SEB is engaged in delivering innovative digital transformation solutions and employee benefits services. Focus is placed on process automation, IT infrastructure, and cybersecurity to enhance business performance. Specialized resources are offered to scale workforces and meet evolving needs. Sectors served include health and wellness, alongside public and private industries. Solutions are designed to improve user experience and drive cost efficiencies through secure, flexible technology.
- Headquarters Toronto, Canada
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website seb-inc.com
- Social LinkedIn
- Acquired by The Co-operators (Jan 2023)
- Legal Name Smart Employee Benefits Inc.
- Latest Funding Round$5M (USD), Post-IPO
Mar 2022
- InvestorsThe Co-operators
& 1 more
- Investments & AcquisitionsMaplesoft Group
& 4 more
- Acquired byThe Co-operators
(Jan 2023)
Products & Services of SEB
SEB offers a comprehensive portfolio of products and services, including Business Process Services, IT Services, and Professional Services.
Processes are streamlined to enhance business operational efficiency.
IT infrastructure and cybersecurity solutions are provided securely.
Specialized resources are offered to drive business performance.
Funding Insights of SEB
- Total Rounds 6
- Last Round Post-IPO — $5M
- First Round $960,000
(Oct 2017)
- Investors Count 2
All 6 funding rounds of SEB 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 |
|---|---|---|---|---|---|
| Mar 2022 | $5M | Post-IPO | – | – | |
| Nov 2019 | $20M | Post-IPO | – | – | – |
| Jan 2019 | $674,289 | Post-IPO | – | – | – |
| Mar 2018 | $3M | Post-IPO | – | – | |
| Dec 2017 | $94,500 | Post-IPO | – | – | – |
| Oct 2017 | $960,000 | Post-IPO | – | – | – |
2 investors in total: 2 institutional.
Investors in SEB
SEB has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include The Co-operators and Golden Opportunities.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
A retail venture capital fund is managed for local investments. | 1999 | goldenopportunities.ca | Saskatoon, Canada | |
Diversified insurance services are offered across Canada. | 1945 | cooperators.ca | Guelph, Canada |
Investor details for SEB
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 SEB
1 people are tracked at SEB (1 in leadership).
| Name | Role | Group |
|---|---|---|
John McKimm | CEO & President | Leadership |
Complete people profiles for SEB
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
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Investments & Acquisitions by SEB
SEB has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include Maplesoft Group, Paradigm Consulting and Paradigm Group.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Provider of business strategy, operations, technology, project management, and other consulting services | maplesoftgroup.com | Mississauga, Canada | 1996 | Dec 2015 | •••• | |
Voice, data, and messaging services are provided to customers worldwide. | somos.com | East Brunswick, United States | 2008 | Jun 2015 | •••• | |
Provider of IT service suite and business process & management consultancy services | paradigmconsulting.com | Regina, Canada | 1990 | Mar 2015 | •••• | |
Technical recruitment and consulting services are provided to clients. | paradigm-group.com | Katy, United States | 2003 | Aug 2014 | •••• | |
Cloud-based and on-premise B2B EDI solutions | qlogitek.com | Mississauga, Canada | 1999 | Sep 2012 | $2.01M |
Complete acquisition details for SEB
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of SEB
10 dated milestones of SEB across 12 years, from founding to its latest funding, stage changes and deals.
- Founded SEB is founded.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires QLogitek.
- Acquisition Acquires Paradigm Group.
- Acquisition Acquires Paradigm Consulting.
- Acquisition Acquires Somos.
- Acquisition Acquires Maplesoft Group.
- Funding First funding round of $960K.
- Funding Latest funding round, Post-IPO, of $5.0M.
- Exit Acquired by The Co-operators.
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Related news about Seb
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Frequently Asked Questions about SEB
SEB was founded in 2011 and raised its 1st funding round 6 years after it was founded.
SEB is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
John McKimm is the CEO of SEB, as recorded in our data.
SEB is engaged in delivering innovative digital transformation solutions and employee benefits services. Focus is placed on process automation, IT infrastructure, and cybersecurity to enhance business performance. Specialized resources are offered to scale workforces and meet evolving needs. Sectors served include health and wellness, alongside public and private industries. Solutions are designed to improve user experience and drive cost efficiencies through secure, flexible technology.
SEB offers Business Process Services, IT Services, and Professional Services.
SEB has made 5 acquisitions, including Maplesoft Group, Paradigm Consulting, and Paradigm Group.
SEB has 2 investors. Key investors include The Co-operators, and Golden Opportunities.
SEB operates through Smart Employee Benefits Inc..
Yes. SEB was acquired by The Co-operators in January 2023.