VC funding: HR software firm Ease raises $19 mn

Ease, a HR and benefits software solution for SMBs, insurance brokers, and insurance carriers, has raised $19 million via Series B funding round.
Ease CEO
The funding round was led by Centana Growth Partners with continued participation from Propel Venture Partners, Compound Ventures, Freestyle Capital and Upside Partnership.

Ease will use the funds to advance its goal to enhance HR and benefits administration by building new product capabilities and hiring talent. Ease has already hired Petar Nedyalkov as COO and Toshi Kureha as VP Engineering.

The company announced an update to their system, used by over 60,000 businesses, by adding new capabilities. Principal Financial, Guardian and Humana will use EaseConnect+ solution for SMB carrier connectivity.

Ease brings the benefit enrollment process online, eliminating tedious and complicated paperwork, while increasing employee access to their benefits information.

Ease’s software offers value and opportunity for brokers to differentiate themselves from the competition by offering a modern benefits experience. More than 1.5 million employees have used Ease to complete enrollment in more than 16 million benefit plans since inception.

David Reid, CEO and co-founder of Ease, said: “We are placing a major emphasis on carrier connectivity, which has allowed us to create tools that were never available before for SMBs.”

Ease has achieved rapid growth over the last year as it has added brokers, employers and carrier partners to its system.