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 Mar 31, 2026, the latest employee count at CoAdvantage is 596.

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. Its primary sector is HR Services. In United States, the HR Services sector has seen $451M in funding in 2026 to date.

Where does CoAdvantage rank among its competitors?

CoAdvantage ranks 48th amongst 32602 active competitors, of which 308 are funded. It stands 9th 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 Razorpay, TriNet and Yonder. Among them, CIEL HR secured the most recent funding round in January, 2026.

CoAdvantage - 2026 Company Profile, Funding & Competitors

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 & 3 more

Ranked

48^th among 32602 active competitors

Employee Count

596 as on Mar 31, 2026

Investment & Acquisitions

MomentumHR & 6 more

Similar Companies

Workstream & 67 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 CORPORATION CIN: 273007025 , United States, Active	Dec 26, 999	-	76258 (As on Dec 31, 2024)	-
COADVANTAGE RESOURCES, INC. CIN: 593434670 , United States, Active	Dec 31, 1999	-	51204 (As on Dec 31, 2023)	-

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 4 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	7384898	Grant (prize money)	5586407	9915788	4804496	7418093

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View details of CoAdvantage's funding rounds and investors

CoAdvantage's employee count trend

CoAdvantage has 596 employees as of Mar 26. Here is CoAdvantage's employee count trend over the years:

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Top competitors of CoAdvantage include Razorpay, TriNet and Yonder. 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	Razorpay 2014, Bengaluru (India), Series F	Provider of payment and business banking solutions for enterprises	$742M	Peak XV Partners, GIC & 35 others	86/100
2nd	TriNet 1988, Dublin (United States), Public	Provider of HR solutions, payroll processing, and benefits administration services	$60M	Encourage Capital, East Ventures & 8 others	79/100
3rd	Yonder 2020, London (United Kingdom), Series B	Online platform to discover & book outdoor tours	$81.4M	RTP Global, Northzone & 47 others	76/100
4th	CIEL HR 2015, Bengaluru (India), Series A	Provider of HR management, recruitment and staffing services	$15.9M	Pegasus, Cavinkare & 151 others	76/100
5th	UKG 1977, Weston (United States), Early Stage	Provider of HR and payroll & workforce management solutions	$6.09M	Hellman & Friedman, Lead Edge Capital & 5 others	74/100
6th	Workstream 2017, San Francisco (United States), Series B	Provider of HR, payroll, and hiring platform for hourly workforce	$120M	Bond Capital, Coatue & 51 others	73/100
7th	Alera Group 1995, Deerfield (United States), Acquired	Provider of HR, life & health insurance, general liability, and other services	$250M	The Carlyle Group, Ares Capital Corporation ... & 5 others	72/100
8th	Argyle 2018, New York City (United States), Series B	Provider of consumer-permissioned income, employment, and asset verification data services	$111M	Bain Capital Ventures, SignalFire & 14 others	71/100
9th	Insperity 1986, Kingwood (United States), Public	HR outsourcing service provider	-	Symmetric Capital, OnRamp Insurance Conference ... & 1 others	69/100
10th	Gi Group 1998, Milan (Italy), Series A	Provider of end to end HR services	-	Europa, Ventrus Biosciences	67/100
48th	CoAdvantage 1997, Tampa (United States), Acquired	Provider of human resources solutions including payroll, benefits, and compliance	$3M	Ohana Capital, Falcon Affiliates & 2 others	56/100

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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)