Ease, a U.S.-based HR and benefits software solution for small businesses, insurance brokers, and insurance carriers, announced on Friday it raised $41 million through its Series C funding round, which was led by Spectrum Equity with participation from Centana Growth Partners, Propel Venture Partners, Freestyle Capital, Compound Ventures and Upside Partnership.
Founded in 2012, Ease (formerly EaseCentral) describes itself as an online benefits enrollment system that was built for insurance brokers and employers.
“Ease makes it simple to set up and manage benefits, onboard new hires, stay compliant, and offer employees one destination for all their human resources information. Ease works with insurance brokers and small businesses to create seamless HR and benefits processes on an easy-to-use system.”
Ease further revealed that the new investment round brings its total funding to $70 million. David Reid, Co-Founder and CEO of Ease, stated:
“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.”
Ease went on to add that one million SMB employees have their health benefits data connected directly to their insurance carriers through its platform.