PlanSource Completes $12M Series B Funding

PlanSource, an Orlando, FL-based provider of benefits administration, insurance exchange, payroll, and HRIS solutions to employers, completed a $12m Series B funding.

Backers included existing investors Lemhi Ventures and Timucuan Asset Management.

The company intends to use the funds for product development and infrastructure expansion.

Led by Dayne Williams, CEO, PlanSource provides cloud-based, on-demand software for employers to acquire healthcare and employee benefits and an array of integrated services including benefits administration, decision support, payroll, and HRIS technology.
The company’s technology solutions are delivered through strategic insurance carriers, brokers and exchanges to over 2,500 customers, spanning all types of industries and ranging in size from 2 to over 100,000 employees.



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