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West Des Moines, Iowa, United States
Provider of SaaS-based employee benefits administration software and services, serving U.S. based, mid-size and enterprise clients across a wide range of industries. The company's employee administration software offers COBRA (consolidated omnibus budget reconciliation act) administration and management, benefits enrollment and administration, reporting and analytics, payroll and billing, consumer account administration, and verification services, helping clients maximize the investment in their benefits program, minimize exposure to risk, and engage employees with easy-to-use solution and full suite of communication vehicles.
Last updated
In 2021, Businessolver's revenue reached $26.6M. Since its launch in 1998, Businessolver has shown consistent revenue growth.
Businessolver reached a $79.9M valuation in 2025, set during its M&A Offer round.
Businessolver has raised $65.2M in total funding across 1 round, with its most recent round in 2014.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2025 | M&A Offer | - | $79.9M | - | |
| 2014 | Funding round | $65.2M | - | - |
CEO
Back in 1998, Jon started Businessolver with co-founder Sean McMurray, focused on solving a real problem, and inspired by a big vision. He wanted to create a benefits administration solution that combined the best in technology and service with a fierce focus on the end-user. They rolled up their sleeves and got it done. From that beginning,Businessolver has grown under Jon’s leadership, and has continued to build its reputation and market share. The original mission hasn’t changed; the focus continues to be market-changing technology, a commitment to service, and a keen understanding that everyday people rely on us to deliver their benefits. It’s a responsibility that Jon ensures everyone understands and gets behind.
| Question | Answer |
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| What's your age? | - |
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Businessolver serves 40K customers.
Businessolver employs approximately 1K people as of 2026, including 9 sales reps that carry a quota. It serves 40K customers that rely on its solutions.
Businessolver generates $26.6M in revenue.
Businessolver was founded by Jon Shanahan.
The CEO of Businessolver is Jon Shanahan.
Businessolver raised $65.2M across 1 round.
Businessolver has 1K employees.
Businessolver is headquartered in West Des Moines, Iowa, United States.
Businessolver operates across multiple industries. Browse revenue, funding, and growth data for Businessolver in each sector below.
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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Valuation
$79.9M
2021 Revenue
$26.6M
Customers
40K
Funding
$65.2M
Avg ACV
$666
Team
1K
Founded
1998
| Year | Milestone | Source |
|---|---|---|
| 2021 | Businessolver Hit $26.6m revenue in April 2021 | |
| 1998 | Launched with $0 revenue |
| Year | Milestone | Source |
|---|---|---|
| 2021 | Reached 1K employees (April 2021) |
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