Origin, an AI-powered enterprise benefits platform, announced it has raised $30 million in a Series A+ funding round, bringing its total funding to over $50 million within the past year as it targets inefficiencies in global employee benefits spending. The round was led by Notion Capital, with participation from Felix Capital, Acadian Ventures, and existing investors, and was completed at a higher valuation than the company’s earlier Series A. Origin also secured additional growth capital from HSBC Innovation Banking UK.
Founded by the team behind Darwin, a global benefits technology company acquired by Mercer in 2016, Origin is focused on helping organizations better manage what it describes as one of the largest and least visible areas of workforce spending, employee benefits. The company’s platform is designed to identify inefficiencies, streamline operations, and improve employee experience at scale.
Origin’s core offering is its Enterprise Benefits Intelligence platform, a centralized system of record for global benefits data. The platform aggregates fragmented information from multiple sources, including policies, contracts, vendor platforms, and local documentation across countries, transforming it into structured, actionable insights.
At the center of the platform is Cuido, Origin’s proprietary AI engine, which ingests and interprets complex benefits data. The system maps coverage and cost structures, identifies duplicated or inefficient spend, and highlights governance gaps, enabling organizations to optimize benefits programs across geographies and vendors.
The company says the need for such a system is driven by longstanding fragmentation in global benefits management. According to its research, many multinational organizations struggle to answer fundamental questions about their benefits programs, with some taking over a month to determine coverage details or analyze spending changes over time.
Origin has worked closely with large multinational companies, including Pfizer, Comcast, and BP, to co-develop its platform, tailoring it to the operational complexity of organizations managing benefits across multiple countries, vendors, and regulatory environments.
The newly raised capital will be used to accelerate product development in two primary areas. First, the company plans to deepen integrations with human capital management systems to improve accessibility and personalization of benefits information for employees. Second, it aims to expand its partner platform to better support brokers, consultants, insurers, and other stakeholders in the benefits ecosystem.
Origin reports measurable outcomes from its platform, including cases where clients consolidated multiple insurance policies into regional plans, achieving cost savings of around 20 percent.
As healthcare and risk-related costs continue to rise globally, the company believes benefits management will increasingly become a data-driven, intelligence-led function, similar to other core enterprise operations.
KEY QUOTES:
“It’s a problem the benefits industry has been trying to solve for 15 years, which is only possible thanks to AI. The biggest barrier in global benefits has always been the lack of a single source of truth. It is a problem we have been trying to solve for fifteen years, and it simply was not possible without AI. That is the unlock that makes it possible to digitise one of the most inefficient areas of enterprise spend. Benefits data is complex, scattered, inconsistent, and constantly changing, exactly the kind of problem AI can solve. Origin creates the first trusted source of truth for benefits information, giving organisations visibility into their total global spend for the first time, so they can optimise it, run benefits operations far more efficiently, and deliver a better experience to employees everywhere.”
Chris Bruce, Co-Founder And CEO Of Origin
“We back teams with deep domain expertise and the ability to execute. Over the last 12 months, we have seen Origin move with exceptional speed, rapidly acquiring and delivering for complex global clients, while demonstrating a clear, differentiated product vision. We are doubling down because we believe Origin is building the defining platform in this category. Benefits are one of the last major enterprise functions still left behind by the digitisation wave of the last 25 years. AI now makes it possible to build a true system of record and intelligence for benefits, and Origin is leading that shift.”
Andy Leaver, Operating Partner At Notion Capital
“From our first conversations with the Origin team, we were struck by the scale of the opportunity in global benefits. This is a market that is operationally complex, highly fragmented, and long overdue for transformation. We believe Origin is rebuilding the foundational infrastructure for the global benefits ecosystem, and delivering the benefits intelligence that organisations have been missing. We are proud to continue to partner and support Origin in this next phase of growth, and we have strong conviction in their ability to define this category globally.”
Antoine Nussenbaum, Co-Founder And Partner At Felix Capital
“This investment allows us to expand the functionality that helps our partners deliver superior value to clients through new efficiencies, AI-enabled tools and a future-proofed operating layer for benefits. Origin is strengthening the entire ecosystem so partners can move faster, be more strategic and deliver measurably better outcomes to their clients.”
Jamie Fitt, SVP Growth And Partnerships At Origin
“We are excited to support Origin on the next stage of its growth journey as it accelerates the delivery of its platform roadmap. This financing marks an important milestone in Origin’s mission to bring clarity, efficiency, and intelligence to a complex area of enterprise spend. We’re delighted to partner with venture-backed innovators like Origin, helping them as they build and achieve their ambitions.”
Sydney MacGregor, Interim Head Of Enterprise Software At HSBC Innovation Banking UK
