Employee Navigator has completed a $100 million funding round led by JMI Equity and Spectrum Equity aimed at providing liquidity to shareholders, including early-stage investors.

Aug 04, 2025•5 months ago

Amount Raised

$100 Million

BethesdaEmployee BenefitsHuman ResourcesSoftware

Investors

Spectrum EquityJmi Equity

Description

Employee Navigator, a leading benefits administration & HR software provider, announced it has completed a $100 million funding round. The minority investment will be used in a $120 million tender offer to provide liquidity to existing shareholders. The company serves over 180,000 U.S. employers and 13 million employees

Company Information

Company

Employee Navigator

Location

Bethesda, Maryland, United States

About

Employee Navigator is a trusted benefits and HR software company integrated with over 500+ of the nation's leading insurance carriers, payroll companies, and TPAs. Serving over 195,000 U.S. companies and 5,000+ brokers across the country, Employee Navigator simplifies benefits management for businesses of all sizes.

Related People

3 contacts

Funding Insights

Based on industry data

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Tech investment trends