Origin, a platform to manage employee benefits, has launched with $21m (£15.8m) in Series A funding.
The platform brings together data from the benefits programmes of staff across a select company, including multi-national businesses dealing with different languages and regulatory regimes.
“We created Origin because global benefits teams urgently need clarity, efficiency, and control,” said Origin co-founder and chief executive Chris Bruce.
The investment was led by Felix Capital and included participation from Acadian Ventures and Notion Ventures.
“The benefits space is behind in AI adoption, and we believe Origin is uniquely positioned to lead the way,” said Antoine Nussenbaum, co-founder and partner at Felix Capital.
“We have had a thesis in the future of work for some time due to the relational shift between employers and employees.”
Additional funding came from a handful of angel investors including former Meta VP Tudor Havriliuc, former Accenture CTO Paul Daugherty and OpenAI’s EMEA startups lead Laura Modiano.
Origin was co-created with the support of multinational corporations which are using its platform, including Pfizer, Comcast and EA.
“The best thing about working with Origin is that it’s a conversation. We talk through our problems and Origin gives us answers with an outside the box of way of approaching things,” said Amy Manning, senior director of global retirement and international benefits at Pfizer.
“We were able to, in a very short period of time, get to the core information we needed on contracts that flowed into very complicated retirement plans, understand what we needed to do to change and how it impacted colleagues.”
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