Bennie raises $50 million

Employee benefits broker Bennie has closed a $50 million investment from private equity firm LNC Partners.

Founded in 2019, Bennie serves medium to large businesses across the U.S. Beyond employee benefits, the company offers a variety of insurance coverages such as workers’ comp and general liability in partnership with Founder Shield, which is part of The Baldwin Group.

“I am excited to announce our partnership with LNC as we embark on the next phase of Bennie’s growth. LNC’s team possesses deep, relevant expertise in scaling brokers and technology platforms, having successfully implemented the very strategies that we plan to leverage for expansion. This strategic infusion of capital provides the fuel needed to accelerate Bennie’s reach to a wider audience, ensuring more employers and their employees benefit from a modern employee benefits platform.” – Brett Davis, CEO of Bennie.

“We are thrilled to partner with Bennie. They combine expert consultation and high-touch support of a top 100 employee benefits broker with a seamless, user-friendly technology platform that saves HR teams and their employees time and money. We look forward to supporting their mission to make benefits holistic and accessible for employees everywhere. They have only just scratched the surface of the number of companies they can help.” – Matt Kelty, Managing Partner at LNC.