About SEB
SEB is a company based in Toronto (Canada) founded in 2011 was acquired by The Co-operators in January 2023. It operates as a Managed Services, and Professional Services. SEB has completed 5 acquisitions, including Maplesoft Group, Paradigm Consulting and Paradigm Group. SEB offers products and services including Business Process Services, IT Services, and Professional Services. SEB operates in a competitive market with competitors including Star Health and Allied Insurance, Niva Bupa, UnitedHealth Group, Kaiser Permanente and Care Health Insurance, among others.
- Headquarter Toronto, Canada
- Stage Public
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Smart Employee Benefits Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$5 M (USD), Post-IPO
Mar 09, 2022
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Investors
The Co-operators
& 1 more
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Employee Count
Employee Count
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Investments & Acquisitions
Maplesoft Group
& 4 more
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Acquired by
The Co-operators
(Jan 03, 2023)
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Products & Services of SEB
SEB offers a comprehensive portfolio of products and services, including Business Process Services, IT Services, and Professional 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.
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 Funding Total Funding
- Total Rounds 6
- Last Round Post-IPO — $5.0M
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First Round
First Round
(16 Oct 2017)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2022 | Amount | Post-IPO - SEB | Valuation |
investors |
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| Nov, 2019 | Amount | Post-IPO - SEB | Valuation |
investors |
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| Jan, 2019 | Amount | Post-IPO - SEB | 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 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. 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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A retail venture capital fund is managed for local investments.
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Founded Year | Domain | Location | |
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Diversified insurance services are offered across Canada.
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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 SEB
SEB has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include Maplesoft Group, Paradigm Consulting and Paradigm Group. 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
|
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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Voice, data, and messaging services are provided to customers worldwide.
|
2008 | ||||
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Technical recruitment and consulting services are provided to clients.
|
2003 | ||||
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Cloud-based and on-premise B2B EDI solutions
|
1999 |
| 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.
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2014 |
Financial Statements - SEB
| 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 |
Seb Comparisons
Competitors of SEB
SEB 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 Star Health and Allied Insurance, Niva Bupa, UnitedHealth Group, Kaiser Permanente and Care Health Insurance, 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 |
Health insurance plans are offered for individuals and families.
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| domain | founded_year | HQ Location |
Multiple insurance services are provided via an online app platform.
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| domain | founded_year | HQ Location |
Provider of comprehensive array of products and services ranging from insurance consulting to benifits management
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| domain | founded_year | HQ Location |
Integrated healthcare services and coverage are provided nationwide.
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| domain | founded_year | HQ Location |
Provider of health and travel insurance plans
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| domain | founded_year | HQ Location |
Provider of health insurance services
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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 Seb
Frequently Asked Questions about SEB
When was SEB founded?
SEB was founded in 2011 and raised its 1st funding round 6 years after it was founded.
Where is SEB located?
SEB is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Who is the current CEO of SEB?
John McKimm is the current CEO of SEB.
What does SEB do?
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.
Who are the top competitors of SEB?
SEB's top competitors include Star Health and Allied Insurance, Kaiser Permanente and Niva Bupa.
What products or services does SEB offer?
SEB offers Business Process Services, IT Services, and Professional Services.
How many acquisitions has SEB made?
SEB has made 5 acquisitions, including Maplesoft Group, Paradigm Consulting, and Paradigm Group.
Who are SEB's investors?
SEB has 2 investors. Key investors include The Co-operators, and Golden Opportunities.
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