Published: December 17, 2025 at 8:50 am
London-based employee benefits platform Ben has raised $27.5 million (£20.8m) in a Series B funding round as it looks to challenge legacy systems used by multinational employers to manage increasingly complex benefits programmes.
The round was led by Mercia Ventures, with strong participation from existing investors Atomico, Cherry Ventures, DN Capital and Seedcamp.
A new backer in this round was Revolut founder Nik Storonsky’s QuantumLight Capital.
The company said the funding will be used to accelerate its product roadmap and strengthen its go-to-market capabilities as demand grows from global enterprises seeking modern alternatives to outdated infrastructure.