Nexben, Inc.

Nexben, Inc. is a U. S. -based company that specializes in streamlining health benefits administration through its innovative defined contribution platform, facilitating seamless interactions among carriers, brokers, employers, and employees.

Nexben, Inc. provides a defined contribution platform aimed at simplifying health benefits management. Founded in 2015 in Grand Rapids, US, the company has conducted one funding round, with the most recent deal taking place on October 24, 2025. The firm's founder has a background in previous ventures, contributing to the establishment and growth of Nexben.

Nexben offers a defined contribution platform designed to streamline the administration of health benefits through innovative solutions including Individual Coverage Health Reimbursement Arrangements (ICHRA) and related services. The platform allows carriers, brokers, employers, employees, and third-party administrators (TPAs) to engage seamlessly, facilitating effective product design, underwriting, and pricing. It empowers brokers to manage multiple carrier offerings while helping employers maintain predictable spending and reduce administrative burdens. Employees enjoy customizable options tailored to their individual needs and budget, ensuring access to competitive market offerings, with the company serving a diverse clientele in the United States.

Nexben’s revenue model is structured around a subscription-based framework, allowing clients to pay for access to the defined contribution platform and its suite of services. The company engages in B2B transactions, collaborating directly with brokers, carriers, and employers who utilize the platform for quoting, enrollment, and ongoing management of health benefits. Revenue is generated through partnerships with insurance carriers and TPAs, alongside value-added services to employers aiming to enhance employee satisfaction while controlling costs. Specific pricing plans for services are not disclosed, though the offerings are tailored to the needs of various user segments within the healthcare benefits sector.

Nexben plans to leverage the recent investment from Chicago Pacific Founders, announced on October 24, 2025, to enhance its platform and expand its market reach. The investment will enable the company to accelerate growth and introduce upcoming products designed to improve user experience and functionality. Specific geographic regions targeted for expansion are not detailed, but the focus will be on increasing penetration in the U. S.

healthcare benefits market, ensuring a broader reach to meet the needs of brokers, carriers, and employers.