When was CoAdvantage founded?

CoAdvantage was founded in 1997.

Where is CoAdvantage located?

CoAdvantage is headquartered in Tampa, United States. It is registered at Bradenton, Florida.

How many employees does CoAdvantage have?

As of Jun 30, 2026, the latest employee count at CoAdvantage is 644.

Is CoAdvantage a funded company?

CoAdvantage is a funded company, having raised a total of $3M across 2 funding rounds to date. The company's 1st funding round was a $***** Series A round.

When was the latest funding round of CoAdvantage?

CoAdvantage's latest funding was a $***** Grant (prize money) round on Sep 14, 2010, with participation from 1 investor.

Where does CoAdvantage rank among its competitors?

CoAdvantage ranks 10th amongst 36809 active competitors, of which 249 are funded. It stands 4th in terms of total funding among its competitors. The most recent competitor to raise funding was CIEL HR, which secured $3.34M in Jan, 2026.

Who are the top competitors of CoAdvantage?

CoAdvantage's top competitors include CIEL HR, TriNet and Korn Ferry. Among them, CIEL HR secured the most recent funding round in January, 2026.

CoAdvantage - 2026 Company Profile, Team, Funding & Competitors

CoAdvantage is an acquired company based in Tampa (United States), founded in 1997 by Ben Hewitt. It operates as a Provider of human resources solutions including payroll, benefits, and compliance. CoAdvantage has raised $3M in funding. The company has 36809 active competitors, including 249 funded and 1802 that have exited. Its top competitors include companies like CIEL HR, TriNet and Korn Ferry.

Company Details

Provider of human resources solutions including payroll, benefits, and compliance. The company delivers human capital management platform that integrates payroll processing, benefits administration, and compliance tools. It offers support for federal, state, and local compliance regulations, including family and medical leave act and workplace safety. The company provides access to health, dental, vision, and retirement plans.

Website: coadvantage.com
Social
Registered Address: Bradenton, Florida

Key Metrics

Founded Year

1997

Location

Tampa, United States

Stage

Acquired

Total Funding

$3M in 2 rounds

Latest Funding Round

Grant (prize money), Sep 14, 2010, $*****

Investors

Ohana Capital & 4 more

Ranked

10^th among 36809 active competitors

Employee Count

644 as on Jun 30, 2026

Investment & Acquisitions

MomentumHR & 6 more

Similar Companies

CIEL HR & 41658 more

Exit Details

Acquired by Aquiline Capital Partners (Jul 24, 2019)

View CoAdvantage's full profile

CoAdvantage is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
COADVANTAGE RESOURCES, INC. CIN: 593434670 , United States, Active	Dec 31, 1999	-	51204 (As on Dec 31, 2023)	-
COADVANTAGE CORPORATION CIN: 273007025 , United States, Active	Dec 26, 999	-	76258 (As on Dec 31, 2024)	-

CoAdvantage got acquired by Aquiline Capital Partners on Jul 24, 2019.

Click here to take a look at CoAdvantage's acquisition in detail

CoAdvantage has raised a total funding of $3M over 2 rounds. Its latest funding round was a Grant (prize money) round on Sep 14, 2010 for $*****. 1 investor participated in its latest round. CoAdvantage has 5 institutional investors.

Here is the list of recent funding rounds of CoAdvantage:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Sep 14, 2010	4190004	Grant (prize money)	2557166	3078418	9268681	1053748

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View details of CoAdvantage's funding rounds and investors

The founders of CoAdvantage is Ben Hewitt. Clinton Burgess is the CEO of CoAdvantage.

Here are the details of CoAdvantage's key team members:

Ben Hewitt: Co-Founder/President of CoAdvantage and founder of 2 other companies, CORKCICLE and Zend Coffee. They serve on the board of 1 company.

View details of CoAdvantage's Founder profiles and Board Members

CoAdvantage's employee count trend

CoAdvantage has 644 employees as of Jun 26. Here is CoAdvantage's employee count trend over the years:

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Top competitors of CoAdvantage include CIEL HR, TriNet and Korn Ferry. Here is the list of Top 10 competitors of CoAdvantage, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	CIEL HR 2015, Bengaluru (India), Series A	Company offering a complete suite of tech-driven HR solutions, covering the entire employee lifecycle	$15.9M	Pegasus, Khivraj Motors & 151 others	77/100
2nd	TriNet 1988, Dublin (United States), Public	Provider of HR solutions, payroll processing, and benefits administration services	$60M	Initiative Equity Partners, Atairos & 9 others	74/100
3rd	Korn Ferry 1969, Los Angeles (United States), Public	Provider of talent acquisition and consulting services	-	H.I.G. Private Equity, FFL Partners & 2 others	70/100
4th	Insperity 1986, Kingwood (United States), Public	HR outsourcing service provider	-	Symmetric Capital, OnRamp Insurance Conference ... & 1 others	69/100
5th	Gi Group 1998, Milan (Italy), Series A	Provider of end to end HR services	-	Europa, Ventrus Biosciences	68/100
6th	HR Path 2001, Nanterre (France), Series F	Provider of HR, payroll outsourcing & consulting services	$1.06B	Andera Partners, Societe Generale Capital Partenaire ... & 10 others	67/100
7th	iSolved 1986, Charlotte (United States), Acquired	Provider of human capital management software and related services	-	-	67/100
8th	Sequoia 2001, San Mateo (United States), Unfunded	Human resource management services provider	-	-	66/100
9th	ManpowerGroup 1948, Milwaukee (United States), Public	Workforce solution provider	-	Europa, United States Department of Agriculture	64/100
10th	CoAdvantage 1997, Tampa (United States), Acquired	Provider of human resources solutions including payroll, benefits, and compliance	$3M	Ohana Capital, Falcon Affiliates & 3 others	63/100

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CoAdvantage has not made any investments yet. CoAdvantage has made 7 acquisitions.

Here is the list of latest three $acquisitions:

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Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Nov 14, 2022	Acquisition	MomentumHR	1999	Savannah (United States)
Jan 13, 2021	Acquisition	SourcePointe	2003	Birmingham (United States)
Sep 19, 2018	Acquisition	Remedy Employer Services	2010	Bradenton (United States)