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The employee benefits sector features several high-value technology companies focused on modernizing workforce support. HR and payroll platform Gusto is valued at $10 billion, while mental health provider Lyra Health has reached a $6 billion valuation.
The field also includes startups offering retirement planning, on-demand pay, and fertility benefits. These companies reflect the growing demand for employee support.
Below is the full list of 10 Employee Benefits unicorn startups at this time.
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Get the Sheet for $50Information about their valuation, HQ's location, founded year, name of founders, funding amount and number of employees.
Get the Sheet for $50List of startup investors in the BioTech, Health, and Medicine industries, along with their Twitter, LinkedIn, and email addresses.
Get the Sheet for $50List of 250 startup investors in the AI and Machine Learning industries, along with their Twitter, LinkedIn, and email addresses.
Get the Sheet for $50List of 250 startup investors in the FinTech and Finance industries, along with their Twitter, LinkedIn, and email addresses.
Get the Sheet for $50Gusto builds an all-in-one platform for payroll, benefits, and HR designed to help small businesses manage their teams. The software simplifies complex processes like employee onboarding and tax compliance, bringing everything into a single, easy-to-use system.
Lyra Health created a mental health benefits platform that helps employers connect their teams with high-quality care. Their service gives employees access to a network of therapists and coaches for personalized mental health support.
Human Interest offers full-service 401(k) plans that help employees of small and medium-sized businesses save for retirement. They specialize in automating the administrative process, making it easy and affordable for companies to provide this crucial benefit.
Employment Hero provides an all-in-one, cloud-based platform for businesses to manage human resources, payroll, and employee benefits. Their software aims to simplify the entire employment journey, from hiring and onboarding new staff to managing benefits and processing payroll.
Wellhub operates a corporate wellness platform that gives employees flexible access to a global network of gyms, studios, and wellness apps. Their all-in-one solution helps companies offer a comprehensive wellbeing benefit covering fitness, mindfulness, therapy, and nutrition.
DailyPay offers an on-demand pay platform that allows employees to access their wages as they earn them, rather than waiting for a scheduled payday. They partner directly with employers to provide this as a financial wellness benefit, giving workers more control over their income.
Kindbody operates a network of fertility clinics that provide a full spectrum of family-building care. They also partner with employers to offer these services as a benefit, making fertility and family planning support more accessible for employees.
Awardco builds a software platform for employee recognition and rewards. Their technology enables companies to celebrate milestones and offer personalized incentives to their teams.
Vestwell has built a digital savings platform that enables companies to offer and administer retirement plans for their employees. They focus on modernizing the workplace savings industry through technology, making it easier for employers to manage plans and for workers to invest in their future.
Swile builds a digital platform for employee benefits, centered around an all-in-one smartcard and a mobile app. Their solution consolidates perks like meal vouchers and gifts, simplifying benefits for companies while also offering tools to improve team engagement.
