Bennie, an employee benefits firm, has secured a $50 million strategic investment from private equity firm LNC Partners to accelerate growth and modernise benefits delivery. The company serves medium to large US businesses and ranks among the top 100 employee benefits brokers. The capital will fund three initiatives: expanding sales and consulting operations, enhancing employee and employer technology platforms, and pursuing strategic acquisitions of owner-operated brokerages. Bennie currently supports over 100,000 employees and has achieved a +75 net promoter score. Founded to disrupt traditional broker models, Bennie combines expert consultation with technology through its mobile and desktop app, providing benefits information, ID cards and healthcare concierge services. The company operates in all 50 states and has demonstrated strong organic growth momentum.

Founded by Matt Straz in 2019, Bennie has now raised a total of $50.0M in total equity funding and is backed by Motley Fool Ventures.

• Bennie, a health care plan provider and employee benefits platform, was the largest InsurTech seed deal in H1 2022 raising $33m in their seed round led by Picus Capital and Silverton Partners. The Bennie Marketplace offers members discounted rates on a wide range of insurances, family planning tools, and health and wellness solutions. As a licensed benefits broker in all 50 states, Bennie has deployed its technology to hundreds of companies across more than a dozen industries since 2020. • With the continued global cost of living crisis, companies that are restricted by budgets, can’t afford to hand out pay rises and are looking for alternative methods to improve their employees lifestyles. One method to do this is provide employee benefits via a company such as Bennie. A Willis Towers Watson survey suggested that 75% of employees are more likely to stay with their employer because of their benefit program and data produced by Harvard Business Review stated that 80% of employees would choose additional benefits over a pay raise