Dublin-based HR-Tech startup, Eppione has recently raised €2.5 million in a funding round led by Delta Partners, bringing its total fundraise to €3.75 million.
Co-founded by three friends, David Kindlon, Neil Fallon and Ernest Legrand in 2016, Eppione helps companies manage their employee benefits, with personalised and localised offerings. The startup employs a team of experts in benefits, insurance and financial advice, and it is a regulated insurance brokerage. Its tech also gives employers an insight into how their benefits offerings are performing, with an analytics module that creates automated reports into areas such as gender pay gaps and workforce diversity.
Eppione aims to make it simple for employees to select, amend and access benefits packages provided by their employer.
Speaking about the company, Co-founder & CEO of Eppione, David Kindlon, said:
Eppione has gone from strength to strength, but this is just the beginning. We have always sought to be a world leader in the employee benefits market, and this injection of capital will progress that vision. Employee benefits have long been overlooked by many employers as well as employees who are often unaware of what is available to them.
Kindlon further added:
The pandemic changed that, but while attitudes have evolved, the solutions and processes for accessing those benefits have not. We are here to change that, making employee benefits personal, simple and valuable for both employers and employees.
Apart from Ireland, Eppione is active in the UK where the company has an arrangement with a large HR consulting firm with 3,500 clients. The company is also on the ground in Perth in Australia.
According to Kindlon, the outside funding will pay for investment in these markets as well as adding more features to the platform.
Richard Barnwell, General Partner, Delta Partners, has said:
With today’s globally distributed workforce, a new way of delivering localised employee benefits is “crucial for all businesses. Eppione’s platform delivers a customized benefit experience for each employee, no matter their location, and gives the company a painless way to sign-up and manage their entire benefit offering, while unlocking huge cost savings and expert advisory services through the integrated insurance brokerage.
Delta is one of Ireland’s longest serving venture capital players with a strong track record. It has backed more than 120 investee companies to date with successful scaling companies such as Luzern and Sirius XT in the current portfolio. To date, the team has raised €1.8 billion from companies such as Clavis (sold to Ascential plc), Sensl (sold to OnSemiconductor) and Neuravi (sold to Johnson & Johnson).