Irish employee benefits player Eppione already empowers 1,000 businesses worldwide.
Dublin-headquartered provider of personalised and localised employee benefits technology Eppione has raised €2.5m in additional investment in a round led by Delta Partners.
The latest funding brings the company’s total funding to €3.75m.
“We have always sought to be a world leader in the employee benefits market, and this injection of capital will progress that vision”
This new round of funding will allow the company to keep up with growth and launch into new markets, levelling up the existing Eppione platform which already empowers over 1K businesses worldwide to easily manage their employee benefits while making big savings. The company was recently shortlisted in Deloitte’s Technology Fast 50 in recognition of the growth and innovation over the last two years.
Boosting employee engagement
As a regulated insurance brokerage, Eppione’s platform helps to boost employees’ engagement with their benefits package, while enabling employers to gain deep insights into uptake and drive informed decisions when changing their offerings. The People Analytics module creates automated reports into areas including gender pay gaps, workforce diversity and absence trends across the business.
Founded in 2016 by three friends and benefits enthusiasts – David Kindlon, Neil Fallon and Ernest Legrand – today Eppione has a world-class team of experts in benefits, insurance and financial advice, helping businesses navigate the complex options available to them.
“Eppione has gone from strength to strength, but this is just the beginning,” said co-founder and CEO David Kindlon.
“We have always sought to be a world leader in the employee benefits market, and this injection of capital will progress that vision. Employee benefits have long been overlooked by many employers as well as employees who are often unaware of what is available to them. The pandemic changed that, but while attitudes have evolved, the solutions and processes for accessing those benefits have not. We are here to change that, making employee benefits personal, simple and valuable for both employers and employees.”
With teams located in Ireland, UK, Australia and New York, Eppione makes it incredibly simple for employees to select, amend and access their benefits packages.
Supporting employee wellbeing is a challenge for businesses across the globe. Over recent years businesses have realised the importance of flexibility when it comes to benefits like pensions, life assurance and health insurance, and employees expect benefits tailored to their unique circumstances. With Eppione, businesses of all sizes can empower their workforces to select the benefits that work for them and make changes when needed.
“With today’s globally distributed workforce, a new way of delivering localised employee benefits is crucial for all businesses,” said Richard Barnwell, general partner at Delta Partners.
“Eppione’s platform delivers a customised benefit experience for each employee, no matter their location, and gives the company a painless way to sign-up and manage their entire benefit offering, while unlocking huge cost savings and expert advisory services through the integrated insurance brokerage.”
Bank of Ireland is a cornerstone investor in Delta’s latest €70m fund along with Enterprise Ireland, Fexco and others, which aims to invest in 30 of Ireland’s most innovative and exciting tech start-ups.
Delta is one of Ireland’s longest serving venture capital players with a strong track record. It has backed more than 120 investee companies to date with successful scaling companies such as Luzern and Sirius XT in the current portfolio. To date, the team has realised €1.8bn from companies such as Clavis (sold to Ascential plc), Sensl (sold to OnSemiconductor) and Neuravi (sold to Johnson & Johnson).
Recent investments under the new fund include LegitFit, ProMotion, NoFrixion and VisionR.
Main image at top: Eppione founders Neil Fallon, David Kindlon and Ernest Legrand