When was Businessolver founded?

Businessolver was founded in 1998 and raised its 1st funding round 16 years after it was founded.

Where is Businessolver located?

Businessolver is headquartered in West Des Moines, United States. It is registered at West Des Moines, Iowa.

How many employees does Businessolver have?

As of Jun 30, 2026, the latest employee count at Businessolver is 1577.

Is Businessolver a funded company?

Businessolver is a funded company, having raised a total of $65.2M across 3 funding rounds to date. The company's 1st funding round was a $***** PE round, raised on May 06, 2014.

How much is Businessolver worth?

The latest valuation of Businessolver is $***** as of Jan 23, 2026.

When was the latest funding round of Businessolver?

Businessolver's latest funding was a $***** PE round on Dec 01, 2021, with participation from 3 investors.

Where does Businessolver rank among its competitors?

Businessolver ranks 4th amongst 234 active competitors, of which 50 are funded. It stands 5th in terms of total funding among its competitors. The most recent competitor to raise funding was Paytient, which secured $40M in Jun, 2025.

Who are the top competitors of Businessolver?

Businessolver's top competitors include HealthEquity, Alight and Wright Express. Among them, Paytient secured the most recent funding round in June, 2025.

Businessolver - 2026 Company Profile, Funding & Competitors

Company Details

Cloud-based employee benefits administration solution. Its online benefits enrollment software, Benefitsolver, delivers a SaaS-based benefits administration solution that empowers employees to easily enroll based on eligibility that’s determined on the same platform. It also includes detailed analytics and reporting tools, COBRA administration, workflow, and communication toolset. It offers web-based tools for benefits billing and financial reporting to deliver reconciled bills that are easily reportable by division, location, carrier, and more.

Website: businessolver.com
Social
Email ID: *****@businessolver.com
Registered Address: West Des Moines, Iowa

Key Metrics

Founded Year

1998

Location

West Des Moines, United States

Stage

Late Stage

Total Funding

$65.2M in 3 rounds

Latest Funding Round

PE, Dec 01, 2021, $*****

Post Money Valuation

$***** as on Jan 23, 2026

Investors

JMI Management & 5 more

Ranked

4^th among 234 active competitors

Employee Count

1,577 as on Jun 30, 2026

Investment & Acquisitions

The Capstone Group & 2 more

Similar Companies

Swile & 601 more

View Businessolver's full profile

Businessolver is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
BUSINESSOLVER.COM, INC. CIN: 421503807 , United States, Active	Dec 31, 1997	-	1416 (As on Dec 31, 2024)	-

Businessolver has raised a total funding of $65.2M over 3 rounds. Its first funding round was on May 06, 2014. Its latest funding round was a PE round on Dec 01, 2021 for $*****. 3 investors participated in its latest round. Businessolver has 6 institutional investors.

Here is the list of recent funding rounds of Businessolver:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Dec 01, 2021	1211993	PE	4420589	3710016	1957708	2351275
2018	5606	PE	8953	7607	9340	7898
May 06, 2014	9762122	PE	7558122	3273233	JMI Management	2826444

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Businessolver's employee count trend

Businessolver has 1,577 employees as of Jun 26. Here is Businessolver's employee count trend over the years:

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Top competitors of Businessolver include HealthEquity, Alight and Wright Express. Here is the list of Top 10 competitors of Businessolver, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	HealthEquity 2002, Draper (United States), Public	Employee benefits management platform for individuals and businesses	$15.3M	Berkley Capital, Napier Park Global Capital ... & 4 others	74/100
2nd	Alight 2015, Lincolnshire (United States), Public	Provider of technology-enabled solutions for health, wealth, and human capital	$10.5M	Caterpillar, ADIA & 3 others	74/100
3rd	Wright Express 1983, Portland (United States), Public	Provider of fleet management, employee benefits, and business payment solutions	-	NewStar Financial, Granite Health Growth Partners ... & 5 others	73/100
4th	Businessolver 1998, West Des Moines (United States), Late Stage	Cloud-based employee benefits administration solution	$65.2M	JMI Management, Resolve Growth Partners & 4 others	72/100
5th	Bswift 1996, Chicago (United States), Acquired	Provider of benefits administration solutions for enterprises	$51M	Great Hill Partners, Escalate Capital Partners	72/100
6th	Paytient 2018, Columbia (United States), Series B	Healthcare prepaid cards for employers	$55.5M	Mercato Partners, Lightbank & 10 others	71/100
7th	HealthMine 2008, San Francisco (United States), Series C	Provider of technology and services for healthcare member engagement and quality	$75M	Psilos Group, Saints Capital & 4 others	70/100
8th	Justworks 2012, New York City (United States), Series E	Benefits administration & payroll management solution for businesses	$148M	FirstMark, Index Ventures & 13 others	69/100
9th	Nayya 2010, New York City (United States), Series C	Provider of an AI platform optimizing employee health and wealth benefits	$106M	Iconiq Capital, Workday Ventures & 16 others	69/100
10th	Zenefits 2013, Tempe (United States), Acquired	Cloud-based platform for HR and payroll management solutions	$598M	Andreessen Horowitz, Fidelity Investments ... & 49 others	69/100

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Businessolver has acquired 3 companies including The Capstone Group, Workterra and Workterra. Businessolver has not made any investments as of now.

Here is the list of its acquisitions:

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Feb 15, 2024	Acquisition	The Capstone Group	2005	Indianapolis (United States)
Oct 11, 2022	Acquisition	Workterra	2005	West Des Moines (United States)
Sep 06, 2016	Acquisition	Workterra	2005	West Des Moines (United States)