Ben raised $16m in Series A funding led by Atomico

Ben, a London, UK-based software startup providing a corporate platform for employees benefits, secured a $16 million series A equity financing round.

The money was raised from investors led by the London-based VC Atomico, joined by Cherry Ventures, DN Capital, Seedcamp as well as by angels Phil Chambers, Neil Ryland, Job van der Voort and Ross Seychell.

Ben, founded in 2019 by CEO Sebastian Fallert and David Duckworth, developed a software solution sold to other companies looking to provide personalised benefits and rewards for their employee. The company's platform is integrated with Mastercards financial infrastructure as it adds employee choice to any existing benefits programme while adding thousands of additional options. Target customers include small and medium organisations, as the company already signed up a few paying clients including Lightricks, Impala and Improbable.

Prior to this round, Ben raised seed money in 2021. Other investors of the company include Paul Forster, Taavet Hinrikus, Carlos Gonzalez-Cadenas, Philip Reynolds and Matt Robinson.