Employee Navigator raises $34 mn in growth funding from JMI Equity

Employee Navigator, a benefits administration & HR software provider, has raised $34 million in growth equity funding from JMI Equity.
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The minority investment will go towards hiring across all functions and expanding Employee Navigator’s product offerings.

The company began licensing its benefits and HR products to insurance brokers in 2012 and expanded its offerings to partner with the nation’s leading insurance carriers, payroll companies, and third-party administrators (TPAs) to provide a unified benefits and HR solution.

Employee Navigator’s growth has accelerated over the past few years; they now support over 2,000 of the nation’s leading insurance brokers, over 50,000 employers, and over 10 million employees and dependents, said George Reese, founder and CEO of Employee Navigator.