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Nexben

Defined contribution health benefits marketplace

Raised to date

$24.1M

of $28.2M offered across 1 Form D filing

Still open
$4.1M
Investors
26
Last filed
May 4, 2026

About

Nexben is a Minneapolis, Minnesota company that operates an end-to-end platform for defined contribution health benefits and Individual Coverage Health Reimbursement Arrangements (ICHRA). The platform connects national carriers, brokers, third-party administrators, employers and individual employees in one hub covering shopping, enrollment, plan administration, billing and payment reconciliation. Its patent-pending payment layer handles the money movement between employers, carriers and individuals, and the marketplace also supports Medicare, individual, ancillary and group products across pre-tax and post-tax shopping. Founded in 2015, the company has raised roughly $30.7M and had about 48 employees as of mid-2026.

A white-labeled utility hub that pairs the enrollment marketplace with its own compliant payment and reconciliation rails, so carriers and brokers can offer defined contribution and ICHRA without stitching together separate enrollment, billing and remittance vendors - and without displacing existing broker economics.

Funding

  • EquityFiled May 4, 2026Form D/A
    $24.1M/ $28.2M

Product

Nexben benefits platform

Benefits administration and payments platform

An end-to-end enrollment marketplace and payment platform for defined contribution and ICHRA benefits strategies, covering shopping, enrollment, administration, billing and reconciliation.

  • White-labeled marketplace configurable to the client's brand
  • Turnkey shopping and enrollment for individual and ancillary coverage
  • Patent-pending payment platform for secure, compliant benefit transactions

Built for

Health insurance carriers, benefits brokers, third-party administrators and the employers they serve, plus the individual employees shopping for coverage

People on file