About Vimly Benefit Solutions
Vimly Benefit Solutions is a company based in Mukilteo (United States) founded in 1993 was acquired by Rubicon Technology Partners in February 2024.. Vimly Benefit Solutions has raised $10.54 million across 3 funding rounds from investors including MK Capital and Rubicon Technology Partners. The company has 155 employees as of December 31, 2022. Vimly Benefit Solutions has completed 1 acquisition, including Wired Quote. Vimly Benefit Solutions offers products and services including SIMON Platform and OneBill. Vimly Benefit Solutions operates in a competitive market with competitors including Alight, Swile, Wright Express, Businessolver and CollectiveHealth, among others.
- Headquarter Mukilteo, United States
- Employees 155 as on 31 Dec, 2022
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Sectors
Financial ServicesTechnology Healthcare
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Benefit Solutions, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$10.54 M (USD)
in 3 rounds
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Latest Funding Round
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Investors
MK Capital
& 1 more
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Employee Count
155
as on Dec 31, 2022
- Investments & Acquisitions
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Acquired by
Rubicon Technology Partners
(Feb 13, 2024)
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Products & Services of Vimly Benefit Solutions
Vimly Benefit Solutions offers a comprehensive portfolio of products and services, including SIMON Platform and OneBill. 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.
Cloud-based system for employee benefits enrollment and management services
Tool for consolidating billing and payment activities in benefits administration
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Sales and Marketing
3 people
Board Team
3 people
Leadership Team
2 people
Finance and Accounting
2 people
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Funding Insights of Vimly Benefit Solutions
Vimly Benefit Solutions has successfully raised a total of $10.54M across 3 strategic funding rounds. 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 3
- Last Round Last Round
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First Round
First Round
(22 Nov 2017)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2021 | Amount | Series B - Vimly Benefit Solutions | Valuation | MK Capital |
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| Nov, 2020 | Amount | Series B - Vimly Benefit Solutions | Valuation |
investors |
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| Nov, 2017 | Amount | Unspecified - Vimly Benefit Solutions | 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 Vimly Benefit Solutions
Vimly Benefit Solutions has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include MK Capital and Rubicon Technology Partners. 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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Venture capital investments in software and technology companies with a focus on early and growth stages.
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Founded Year | Domain | Location | |
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Enterprise software companies are supported through strategic private equity investments.
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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 Vimly Benefit Solutions
Vimly Benefit Solutions has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Wired Quote. 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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Platform offering quoting tool for insurance agents
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2009 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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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.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Vimly Benefit Solutions
| 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 |
Vimly Benefit Solutions Comparisons
Competitors of Vimly Benefit Solutions
Vimly Benefit Solutions 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 Alight, Swile, Wright Express, Businessolver and CollectiveHealth, 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 |
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 |
Employee benefit administration and payment solutions are provided for enterprises.
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| domain | founded_year | HQ Location |
Cloud-based employee benefits administration solutions are delivered.
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| domain | founded_year | HQ Location |
Cloud-based self-insurance platform is offered to employers for employee sponsorship.
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| domain | founded_year | HQ Location |
Health benefits and savings are managed through an app-based platform.
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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 Vimly Benefit Solutions
Frequently Asked Questions about Vimly Benefit Solutions
When was Vimly Benefit Solutions founded?
Vimly Benefit Solutions was founded in 1993 and raised its 1st funding round 24 years after it was founded.
Where is Vimly Benefit Solutions located?
Vimly Benefit Solutions is headquartered in Mukilteo, United States. It is registered at Mukilteo, Washington, United States.
Who is the current CEO of Vimly Benefit Solutions?
Shannon Jurdana is the current CEO of Vimly Benefit Solutions.
Is Vimly Benefit Solutions a funded company?
Vimly Benefit Solutions is a funded company, having raised a total of $10.54M across 3 funding rounds to date. The company's 1st funding round was a Unspecified of $3.75M, raised on Nov 22, 2017.
How many employees does Vimly Benefit Solutions have?
As of Dec 31, 2022, the latest employee count at Vimly Benefit Solutions is 155.
What does Vimly Benefit Solutions do?
Founded in 1993 and headquartered in Mukilteo, United States, Vimly Benefit Solutions operates in the employee benefits sector. Cloud-based platforms are utilized for plan management, compliance, enrollment, and integrations. Services also encompass broker commissions and ancillary benefits. Products include private exchanges, health plans, and broker tools, supporting various organizational needs in benefits administration.
Who are the top competitors of Vimly Benefit Solutions?
Vimly Benefit Solutions's top competitors include Alight, Wright Express and Businessolver.
What products or services does Vimly Benefit Solutions offer?
Vimly Benefit Solutions offers SIMON Platform and OneBill.
How many acquisitions has Vimly Benefit Solutions made?
Vimly Benefit Solutions has made 1 acquisition, including Wired Quote.
Who are Vimly Benefit Solutions's investors?
Vimly Benefit Solutions has 2 investors. Key investors include MK Capital, and Rubicon Technology Partners.
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