BGF, which will take a minority stake, will support the company in continuing the development of innovative solutions, expanding its product and service lines and extending abroad, taking immediate opportunities in the US and Asia Pacific.
As a result of this investment, Benefex expects to create a further 100 jobs in Southampton, Marlow and London (http://www.benefex.co.uk/care).
Led by founder and CEO Matt Waller, Benefex enables large organisations to tailor their rewards and benefit packages to individual employees, communicate effectively online with staff, and outsource administration and support of their schemes. The company currently provides services to over 500 clients, managing online benefits schemes for over 1 million employees in more than 40 countries.
Clients include the AA, Coca Cola, Bank of America Merrill Lynch, De Beers, E.ON, Philips, MTV and Centrica. It operates from its head office in Southampton, with a further presence in Marlow and London.