Happl, a global employee benefits operating system founded by entrepreneur Ben Towers MBE, has raised £8.1 million in an oversubscribed Series A funding round led by Portage Ventures.

The round includes participation from F Capital and existing investors Y Combinator, 6 Degrees Capital, Haatch and Ventures Together.

The raise is being celebrated with a billboard in Times Square, New York, alongside Happl’s US banking partner, Brex.