Benecon - About the company
Benecon is a funded company based in Lititz (United States), founded in 1991 by Samuel Lombardo. It operates as a Self-funded employee benefits solutions for employers. Benecon has raised an undisclosed amount in funding from TA and Neuberger Berman. The company has 693 active competitors, including 184 funded and 101 that have exited. Its top competitors include companies like Accolade, Hinge Health and Oscar.
Company Details
Self-funded employee benefits solutions for employers. It helps employers to control benefit plan expenditures and design programs for the employer and employees. It offers solutions for performance evaluations, renewal analysis, compliance review, finance management, and rate review.
- Website
- benecon.com
- Social
- Email ID
- *****@benecon.com
- Phone Number
- +1 **********
- Registered Address
- Lititz, Pennsylvania
Key Metrics
Founded Year
1991
Location
Lititz, United States
Stage
Funding Raised
Latest Funding Round
Ranked
120th among 693 active competitors
Employee Count
260 as on Mar 31, 2026
Legal entities associated with Benecon
Benecon is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
THE BENECON GROUP, INC. CIN: 231315351 , United States, Active | Dec 31, 1999 | - | 234 (As on Dec 31, 2024) | - |
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Benecon's funding and investors
Benecon has raised funding over 2 rounds. Its first funding round was on Dec 15, 2020. Its latest funding round was a Unattributed round on Feb 21, 2024 for $*****. 2 investors participated in its latest round. Benecon has 3 institutional investors.
Here is the list of recent funding rounds of Benecon:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Feb 21, 2024 | 3178862 | Unattributed | 3923508 | 8543714 | 9731584 | 1866655 |
Dec 15, 2020 | 5978234 | PE | 3705486 | 4170019 | 8403922 |
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Benecon's founders and board of directors
Founder? Claim ProfileThe founders of Benecon is Samuel Lombardo.
Here are the details of Benecon's key team members:
- Samuel Lombardo: Founder, Chairman Emeritus of Benecon.
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Benecon's employee count trend
Benecon has 260 employees as of Mar 26. Here is Benecon's employee count trend over the years:
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Benecon's Competitors and alternates
Top competitors of Benecon include Accolade, Hinge Health and Oscar. Here is the list of Top 10 competitors of Benecon, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Accolade 2007, Plymouth Meeting (United States), Acquired | Cloud-based platform for employee health benefits | $228M | 83/100 | |
2nd |  Hinge Health 2015, San Francisco (United States), Public | Provider of virtual physical therapy and digital pain care solutions | $854M | 82/100 | |
3rd | Oscar 2012, New York City (United States), Public | Provider of health insurance plans offering virtual and in-person medical care | $1.63B | 81/100 | |
4th | Sharecare 2010, United States, Acquired | Provider of health and wellness social network for employees | $64M | 79/100 | |
5th | Provider of employee health benefits platform offering health and wellness programs | $28M | 79/100 | ||
6th | Cigna 1792, Philadelphia (United States), Public | Provider of health insurance, dental plans and medicare coverage | - | 75/100 | |
7th |  Sword Health 2015, New York (United States), Series E | Provider of AI-powered digital physical therapy and pelvic health solutions | $450M | 75/100 | |
8th |  HealthEquity 2002, Draper (United States), Public | Employee benefits management platform for individuals and businesses | $15.3M | 75/100 | |
9th |  Wellhub 2012, New York City (United States), Series F | Cloud based corporate wellness program for employee health, productivity, and retention | $85M | 74/100 | |
10th | Provider of SaaS based digital platform to manage employee health benefits | $242M | 73/100 | ||
120th | Benecon 1991, Lititz (United States), Funding Raised | Self-funded employee benefits solutions for employers | - | 47/100 |
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Benecon's Investments and acquisitions
Benecon has made no investments or acquisitions yet.
News related to Benecon
Media has covered Benecon for 1 event in last 1 year, It was about people movement.
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Benecon Appoints Michael Sullivan as Chief Commercial Officer to Boost VERIS GrowthPR Newswire•Aug 05, 2025•Benecon
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TA Associates Announces Significant Growth Investment in The Benecon GroupBusiness Wire•Dec 15, 2020•TA, Benecon, Ares Management, Varagon and 2 others
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