London-Based Ben Raises $27.5m Series B to Modernize Global Employee Benefits

Ben, a London-based AI-native employee benefits platform, has raised $27.5 million (£20.8m) in Series B funding to accelerate product development and expand its go-to-market capabilities for global enterprises. The round was led by Mercia Ventures, with participation from existing investors Atomico, Cherry Ventures, DN Capital, and Seedcamp, alongside new investor QuantumLight Capital, founded by Revolut CEO Nik Storonsky.

The Series B positions Ben to take on legacy platforms as multinationals seek modern infrastructure for increasingly complex benefits management.

London, UK — December 2025 — Ben, the London-based platform using AI to help global enterprises manage employee benefits, has raised $27.5m (£20.8m) to accelerate its product roadmap and strengthen its go-to-market capabilities to meet the growing demand.

The round was led by Mercia Ventures with strong participation from existing investors Atomico, Cherry Ventures, DN Capital, and Seedcamp, along with new backing from Revolut founder Nik Storonsky’s QuantumLight Capital.

The investment follows a period of rapid growth, driven by strong traction with enterprise customers that have historically relied on legacy platforms. Ben now serves enterprises across Europe and North America and supports employees in more than 140 countries. The company has grown its revenue more than tenfold since its previous funding round.

Employee benefits account for between 10% and 30% of payroll and are central to how companies attract and keep talent. However, for global employers with thousands of employees across different countries, each with its own rules, regulations, and providers, managing benefits has become increasingly difficult.

Ben reduces that complexity by consolidating benefits into a single platform, connecting employers, employees, brokers and providers.

Its AI-native technology automates admin-heavy work for HR teams, provides a real-time view of costs and utilisation, and gives clear, personalised guidance to employees – helping to reduce waste, improve access to benefits and drive engagement.

“Employee benefits have never been more important — and never harder for global employers to manage,” said Sebastian Fallert, Co-founder and CEO of Ben. “For years, enterprises have been held back by fragmented systems and manual processes. AI changes that. It gives employers a way to tackle complexity at its source — in the rules, workflows and data that sit between HR, providers and payroll. This investment lets us bring that approach to more markets so benefits teams can spend less time on administration and more time supporting their people”

Ben was founded in 2019 with a simple realisation: the benefits system was fundamentally broken. Co-founders Sebastian Fallert, who had previously built and sold travel app JustBook Mobile to Secret Escapes, and David Duckworth, who spent years in financial services at HSBC and Monitor Deloitte, had each seen how painful and outdated benefits administration had become. Recognising the opportunity to fix it with modern payments infrastructure, they set out to change employee benefits for good.

The company’s customers include Virgin, Trainline, Octopus Energy, and Deliveroo. As part of its growth plans, Ben is looking to expand its go-to-market presence, invest further in its product roadmap and deepen its relationships with channel partners.

Jonathan Kruger of Mercia Ventures adds: “Employee benefits are a huge expense for businesses but the current infrastructure is broken. Ben’s platform brings together employers, employees, brokers and providers to create an intelligent network that delivers value for everyone. The company is growing fast and winning against the big incumbents, and this investment will help to establish Ben as the ultimate platform for modern employee benefit management.

“We’re very excited to be working with Seb, David and the rest of the team, alongside Atomico, Cherry Ventures, DN Capital, QuantumLight and Seedcamp.”

About Ben

Ben is the world’s first AI-native intelligent benefits platform, uniting a fragmented industry of brokers, providers and employers into a single ecosystem. Ben enables organisations to design, manage and scale benefits globally while giving employees greater choice, transparency and control. Companies including Mondelez, Octopus Energy, Zalando, Trainline use Ben to power their organisations.