Businessolver
Valuation
$79.9M
2021 Revenue
$26.6M
Customers
40K
Funding
$65.2M
Avg ACV
$666
Team
1K
Founded
1998
How Businessolver CEO Jon Shanahan grew Businessolver to $26.6M revenue and 40K customers in 2021.
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
Businessolver Revenue
In 2021, Businessolver's revenue reached $26.6M. Since its launch in 1998, Businessolver has shown consistent revenue growth.
| Year | Milestone |
|---|---|
| 2021 | Businessolver Hit $26.6m revenue in April 2021 |
| 1998 | Launched with $0 revenue |
Businessolver Valuation, Funding Rounds
Businessolver's most recent disclosed valuation is $79.9M.
Businessolver has raised $65.2M in total funding across 1 round, with its most recent round in 2014.
| Year | Round | Amount | Valuation | % Sold |
|---|---|---|---|---|
| 2014 | Funding round | $65.2M | - | - |
Businessolver Employees & Team Size
Businessolver employs approximately 1K people as of 2026.
Businessolver has 1K total employees in different roles and functions and 9 sales reps that carry a quota. They have 40K customers that rely on the company's solutions.
| Year | Milestone |
|---|---|
| 2021 | Reached 1K employees (April 2021) |
Founder / CEO
Jon Shanahan
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.
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
See how Businessolver acquires and retains customers with data on acquisition costs and revenue performance. Log in to access the complete customer economics dashboard.
LockedFrequently Asked Questions about Businessolver
What is Businessolver's revenue?
Businessolver generates $26.6M in revenue.
Who founded Businessolver?
Businessolver was founded by Jon Shanahan.
Who is the CEO of Businessolver?
The CEO of Businessolver is Jon Shanahan.
How much funding does Businessolver have?
Businessolver raised $65.2M.
How many employees does Businessolver have?
Businessolver has 1K employees.
Where is Businessolver headquarters?
Businessolver is headquartered in West Des Moines, Iowa, United States.
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Compare Businessolver to the industry
Businessolver operates across multiple industries. Browse revenue, funding, and growth data for Businessolver in each sector below.
Source Attribution
Source: all data was collected from GetLatka company research and founder interviews. Revenue, funding, team, and customer figures are presented as company-reported or GetLatka-estimated metrics where the profile data identifies them that way.
Company data last updated .