BENIVO RAISES $12M FROM UPDATA PARTNERS TO ACCELERATE GROWTH
Benivo, the leading end-to-end employee mobility management platform, today announced a $12 million funding round led by Updata Partners, a growth equity investment firm focused on business-to-business software. With this new capital, Benivo will grow its teams in the US, UK, Armenia, and India, and continue to expand its unified mobility solution to address the industry’s key pain points.
Benivo provides a software platform for Mobility teams at the world’s largest companies to manage their globally mobile workforce and programs. The Benivo Global Mobility Management Platform allows customers to manage HR-Employee-Vendor processes, power any type of relocation policy (VIP, core flex, lump sum, managed service, and more), and quickly and cost effectively execute employee and vendor payments. As an industry innovator, Benivo recently released an unlimited cost estimates solution, powered by Vialto Partners, which adds AI-powered expense reimbursement to its product suite.
Benivo is on a mission to help Global Mobility leaders provide more value to their organization by leveraging purpose-built software and industry data. With Updata’s investment, Benivo will accelerate customer acquisition and continue to provide cutting edge technology to Mobility teams around the world.