2024 Revenue
$10.6M
Funding
$0
YOY
71.8%
Team
75
Founded
1997
How Benefitfirst CEO Rick Avery grew to $10.6M revenue with a 75 person team in 2024.
Developer of a cloud-based benefits eligibility management product designed to automate and support an employer's complete benefits cycle with accuracy. The company's robust benefits eligibility management tool audits and transmits eligibility updates to carriers and vendors and is easy to modify, enabling clients to protect and promote their interests while receiving innovative and cost-effective services with definable and measurable results.
Last updated
Benefitfirst Revenue
In 2024, Benefitfirst's revenue reached $10.6M. The company previously reported $6.2M in 2023. Since its launch in 1997, Benefitfirst has shown consistent revenue growth.
| Year | Milestone | Quote |
|---|---|---|
| 2024 | Benefitfirst Hit $10.6m revenue in October 2024 | |
| 2023 | Benefitfirst Hit $6.2m revenue in December 2023 | |
| 2021 | Benefitfirst Hit $6.5m revenue in April 2021 | |
| 1997 | Launched with $0 revenue |
Benefitfirst Valuation, Funding Rounds
Benefitfirst is a bootstrapped Other Vertical Industry Software startup. Founded in 1997, Benefitfirst has grown to $10.6M in revenue without raising any venture capital or outside funding.
As a self-funded Other Vertical Industry Software SaaS company, Benefitfirst has built its business with no outside investment.
| Year | Round | Amount | Valuation | % Sold | Quote |
|---|
Founder / CEO
Rick Avery
Accomplished, strategic-thinking IT professional with a proven track record in management, solutions architecture, systems integration, software development and database administration is seeking a senior leadership position in a small to midsize organization. Looking to contribute business value through the development and execution of a strategic, long-term vision, while leading the organization to achieve measurable business results and growth through the effective management of the IT portfolio of investments.
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
We do not have customer count information for Benefitfirst yet.
Benefitfirst Employees & Team Size
Benefitfirst employs approximately 75 people as of 2026, up from 67 in 2023.
| Year | Milestone |
|---|---|
| 2024 | Reached 75 employees (December 2024) |
| 2024 | Reached 68 employees (October 2024) |
| 2023 | Reached 67 employees (December 2023) |
| 2022 | Reached 69 employees (December 2022) |
| 2021 | Reached 85 employees (December 2021) |
| 2021 | Reached 81 employees (April 2021) |
Frequently Asked Questions about Benefitfirst
What is Benefitfirst's revenue?
Benefitfirst generates $10.6M in revenue.
Who founded Benefitfirst?
Benefitfirst was founded by Rick Avery.
Who is the CEO of Benefitfirst?
The CEO of Benefitfirst is Rick Avery.
How much funding does Benefitfirst have?
Benefitfirst raised $0.
How many employees does Benefitfirst have?
Benefitfirst has 75 employees.
Where is Benefitfirst headquarters?
Benefitfirst is headquartered in Columbia, South Carolina, United States.
Compare Benefitfirst to the industry
Benefitfirst operates across multiple industries. Browse revenue, funding, and growth data for Benefitfirst in each sector below.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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