Ease raised a $41 million Series C to help aid small and medium-sized businesses in providing benefits to their employees. The round was led by Spectrum Equity with participation from existing investors Centana Growth Partners, Propel Venture Partners, Freestyle Capital, Compound Ventures and Upside Partnership. The new round brings the company’s total funding to $70 million.
“This pandemic reinforced an already accelerating trend: companies are becoming increasingly more reliant on digital solutions to conduct business and meet their employees’ needs, and brokers who have not already adopted more modern technology capabilities, are running the risk of becoming obsolete,” explained David Reid, Co-Founder and CEO of Ease. “I am proud of what Ease has accomplished over the past year — we have shown that our team is ahead of the market with our technology. We are thrilled to add Spectrum Equity, a strategic partner with demonstrated success scaling insurtech and SMB-focused companies of our scale, to our investor group. With the support of our investors, we have a clear path ahead to continue to work with forward thinking carriers that are committed to helping SMBs and the millions of people they employ.”
With the explosion of remote work as a result of the COVID-19 pandemic, Ease’s mission to bring the benefits enrollment and management process online, eliminate tedious and complicated insurance paperwork, and increase employee access to their benefits information has become increasingly essential. With this latest round, Ease will use the funds to enable SMBs to leverage employee data to connect all their systems, as well as hire new talent, including the recent appointment of Mari Kemp to Senior Vice President of HR.
Announcement: Ease Closes $41M to Simplify HR and Benefits