Investing in Benefiz
We’re thrilled to announce our investment in Benefiz, an all-in-one platform to buy, manage and reveal employee benefits for SMBs.
OneRagtime is co-leading Benefiz €7M seed round, alongside Edenred Capital Partners, and we’re joined by seasoned business angels and entrepreneurs, including Alexandre Prot (founder of Qonto), Philippe Mangematin (co-founder of Seyna), Raphaël Vullierme (founder of Luko), and Eric Mignot (founder of +Simple).
Benefiz is an all-in-one web platform for SMBs to allow CEOs/HRs to choose and buy financial and well-being benefits easily and streamline compensation & benefits (C&B) administration for its employees. Benefiz’s proposed benefits cover deep and diverse verticals including insurance (health, disability, etc), lunch vouchers, savings, and well-being activities.
So, why did we invest:
- The market is huge. Europe currently counts over 150m employees, and France counts 14m employees working for SMBs. Benefiz has a wide variety of diversification channels when it comes to its product, by developing or integrating new social benefits, by adapting its offer to larger companies, and by offering products adapted to an international array of customers.
- Benefiz developed an “insurance first” efficient sales model. They leverage the existing networks of insurance brokers to distribute their health insurance products that are mandatory for SMBs. Benefiz then, through its extensive and diversified benefits offer, upsells and retains its clients.
- Any investment starts and ends with a team, and Christophe is one of the highest velocity and most tenacious founders we’ve backed. He broke into the insurance space working as a benefit and insurance consultant. In 2011, he founded Pixeo (insurtech), which was sold to Meilleurtaux in 2016. He was then appointed CEO at MeilleureAssurance. He has built a strong team of 25 people who have demonstrated operational excellence and perfect knowledge of the markets they address
We couldn’t be more excited to back Christophe and Benefiz’s team on their journey to build a category-defining business in HR tech.
Welcome to the OneRagtime family!