Benevate

Benevate

A comprehensive financial wellness solution that help employees address their biggest financial challenges.

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DateInvestorsAmountRound

$150k

Seed
Total Funding000k
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Benovate operated as a digital health and wellness platform tailored for the workplace, positioning itself as a strategic tool for employers aiming to enhance employee wellbeing. The company was founded in 2015 and established its headquarters in Minneapolis, Minnesota.

The core of Benovate's offering was a patented technology platform that delivered personalized wellness experiences for employees in real-time. By leveraging predictive analytics, machine learning, and data from sources like healthcare claims, coaching interactions, and biometric inputs, the platform created a unique and user-friendly experience for each employee. This technology aimed to identify and mitigate health risks before they could escalate into more significant medical conditions. The platform's app featured smart technology combined with personalized coaching from trained professionals and registered dietitians to guide users toward their health goals.

In a significant milestone, Wellness Coaches, a provider of workplace health and safety solutions, acquired Benovate in July 2021. Following the acquisition, Benovate's technology was integrated into Wellness Coaches' newly enhanced "Healthy Ways®" platform. This strategic move combined Benovate's digital capabilities with the human touch of live coaching to deliver improved health outcomes. The CEO of Benovate at the time of the acquisition was Mark Walinski, who viewed the merger as a pivotal step in combining patented technology with live expertise to revolutionize employee wellness.

Keywords: digital health, employee wellness, corporate wellness platform, health technology, predictive analytics, personalized wellness, workplace health, employee wellbeing, health risk assessment, digital coaching, employee benefits, corporate health solutions, patented health technology, wellness app, Mark Walinski, Wellness Coaches acquisition

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