
Coverflex
A compensation management solution that unifies all compensation components beyond salary, offering benefits, perks, security, and discounts in one easy-to-use product.
Date | Investors | Amount | Round |
---|---|---|---|
- | investor investor investor investor investor investor investor | €0.0 | round |
investor | €0.0 | round | |
N/A | €0.0 | round | |
investor investor | €0.0 | round | |
investor investor investor investor investor investor investor investor investor investor investor investor investor | €0.0 | round | |
* | N/A | Early VC | |
Total Funding | 000k |
USD | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|
Revenues | 0000 | 0000 | 0000 | 0000 |
% growth | - | 259 % | 114 % | 297 % |
EBITDA | 0000 | 0000 | 0000 | 0000 |
Profit | 0000 | 0000 | 0000 | 0000 |
EV | 0000 | 0000 | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x |
R&D budget | 0000 | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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Coverflex is a comprehensive platform designed to streamline the management of employee benefits for businesses of all sizes. Operating primarily in the HR and employee benefits market, Coverflex serves companies looking to enhance their compensation packages while optimizing costs. The platform allows employers to choose from over 20 curated benefit offers and set individual allowances for each employee, making it easy to manage and track benefits in one place. Coverflex's business model revolves around providing a subscription-based service that simplifies the administration of employee benefits, thereby saving companies up to 30% on employee costs. The platform is user-friendly, requiring minimal setup, and can be accessed from anywhere, whether employees are working from the office or remotely. By offering a wide range of benefits that employees can enjoy in their own way, Coverflex aims to improve employee satisfaction and retention. The company generates revenue through subscription fees paid by businesses that use its platform to manage their employee benefits programs.
Keywords: employee benefits, flexible compensation, HR management, cost savings, curated offers, subscription service, employee satisfaction, remote access, business optimization, allowance management.