Ben raises $27.5 million in Series B

London-based employee benefits platform Ben has raised $27.5 million in a Series B funding round led by Mercia Ventures, with participation from Atomico, Cherry Ventures, DN Capital, Seedcamp, and new backing from QuantumLight Capital.

Founded in 2019 and led by CEO Sebastian Fallert, Ben is a provider of an AI-native intelligent benefits platform. It enables organizations to design, manage and scale benefits globally. The company’s customers include Mondelez, Trainline, Octopus Energy, Deliveroo and Zalando. It intends to use the funds to accelerate its product roadmap and consolidate its go-to-market capabilities.