When was SEB founded?

SEB was founded in 2011 and raised its 1st funding round 6 years after it was founded.

Where is SEB located?

SEB is headquartered in Toronto, Canada.

How many employees does SEB have?

As of Sep 30, 2026, the latest employee count at SEB is 17.

Is SEB a funded company?

SEB is a funded company, having raised an undisclosed amount across 6 funding rounds to date. The company's 1st funding round was a $***** Post IPO round, raised on Oct 16, 2017.

When was the latest funding round of SEB?

SEB's latest funding was a $***** Post IPO round on Mar 09, 2022, with participation from 1 investor.

Where does SEB rank among its competitors?

SEB ranks 86th amongst 1227 active competitors, of which 18 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Kaiser Permanente, which secured $15.7M in Sep, 2025.

Who are the top competitors of SEB?

SEB's top competitors include Centene, Humana and Kaiser Permanente. Among them, Kaiser Permanente secured the most recent funding round in September, 2025.

SEB - 2026 Company Profile, Funding & Competitors

Company Details

Smart Employee Benefits (SEB) provides group benefit solutions and healthcare claims processing. SEB operates as a licensed Third Party Administrator (TPA), insurance broker, and technology provider utilizing its fully integrated administration.

Website: seb-inc.com
Email ID: *****@seb-inc.com
Phone Number: +1 **********

Key Metrics

Founded Year

2011

Location

Toronto, Canada

Stage

Acquired

Latest Funding Round

Post IPO, Mar 09, 2022, $*****

Investors

Golden Opportunities & 1 more

Ranked

86^th among 1227 active competitors

Employee Count

17 as on Sep 30, 2026

Investment & Acquisitions

Maplesoft Group & 4 more

Similar Companies

Centene & 1704 more

Exit Details

Acquired by Co-operators (Jan 03, 2023)

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SEB got acquired by Co-operators on Jan 03, 2023.

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

SEB has raised funding over 6 rounds. Its first funding round was on Oct 16, 2017. Its latest funding round was a Post IPO round on Mar 09, 2022 for $*****. 1 investor participated in its latest round. SEB has 2 institutional investors.

Here is the list of recent funding rounds of SEB:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 09, 2022	3419642	Post IPO	9287321	2746740	3125721	1405595
Nov 05, 2019	5880868	Post IPO	9237527	4427256	7611793	7410584
Jan 12, 2019	3047993	Post IPO	2387652	6363370	8632517	7332913

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View details of SEB's funding rounds and investors

SEB's employee count trend

SEB has 17 employees as of Sep 26. Here is SEB's employee count trend over the years:

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Top competitors of SEB include Centene, Humana and Kaiser Permanente. Here is the list of Top 10 competitors of SEB, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Centene 1984, St. Louis (United States), Public	Contracting, Network Development, Managed Care and Health insurance solutions company	$18M	Royal Bank of Canada, Politan Capital Management ... & 4 others	76/100
2nd	Humana 1961, Louisville (United States), Public	Provider of health insurance services	-	Entertainment Media Ventures	72/100
3rd	Kaiser Permanente 1945, United States, Funding Raised	Provider of integrated healthcare services and coverage platform	-	LNK Partners, Village Capital & 2 others	71/100
4th	UnitedHealth Group 1977, Minneapolis (United States), Public	Provider of health care services, pharmacy benefits, and financial accounts	-	Omega Advisors, Tekla Capital Management & 2 others	71/100
5th	United Healthcare 1977, Atlanta (United States), Funding Raised	Health insurance plans delivering quality coverage and caring support	-	Alcor Fund, CMS & 1 others	69/100
6th	WellCare Health Plans 1985, Tampa (United States), Acquired	Government-sponsored health care coverage to consumers	-	Lee Equity, TowerBrook & 1 others	67/100
7th	Anthem 1940, Indianapolis (United States), Funding Raised	Provider of health insurance services	-	Great Hill Partners	67/100
8th	Star Health and Allied Insurance 2006, Chennai (India), Public	Provider of health insurance services	$783M	Apis Partners, ICICI Venture & 44 others	67/100
9th	Priority Health 1986, Grand Rapids (United States), Acquired	Michigan health insurance provider offering diverse plans and award-winning customer care	-	McLaren Health Care, HRSA & 2 others	64/100
10th	BCBSIL 1936, Chicago (United States), Unfunded	Provider of an online teleconsultation platform for multiple diseases	-	-	64/100
86th	SEB 2011, Toronto (Canada), Acquired	Group benefit solutions and healthcare claims processing	-	Golden Opportunities, Co-operators	35/100

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SEB has not made any investments yet. SEB has made 5 acquisitions.

Here is the list of latest three $acquisitions:

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Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Dec 04, 2015	Acquisition	Maplesoft Group	1996	Mississauga (Canada)
Jun 10, 2015	Acquisition	Somos	2008	East Brunswick (United States)
Mar 06, 2015	Acquisition	Paradigm Consulting	1990	Regina (Canada)