STARTUP PROFILE

Cobee

Updated: 07/2021

Updated: 07/2021

Cobee

Spain / Madrid , Spain

Series A 07/2021

Pitch

Cobee automates and extends flexibility in compensation and benefits management to meal vouchers, childcare, healthcare, etc., helping firms increase their average employee benefits uptake fourfold.

Why

Competitive talent marketplace

Businesses today struggle with retaining staff and are experiencing increases in employee turnover rates.

Inefficient benefits management

Negotiating prices and terms with suppliers is costly and time-consuming for human resource departments.

Employees’ needs unmet

30% of employees are not satisfied with the benefits packages offered by their companies.

Market

$1.5tn

Global spending on employee benefits, according to the Employee Benefit Research Institute. Benefits management platforms account for a €37bn market (Seedinvest).

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