Source: Tech.EU

Irish insurance and HRtech company Kota has raised $14.5 million in Series A funding, bringing its total funding to $22.9 million, led by Eurazeo, along with existing investors EQT Ventures, Northzone, Frontline Venture, and new investors in 9Yards and Plug and Play. They are also announcing that they’ve obtained their Central Bank of Ireland Authorisation, making it one of the few technology platforms to be regulated.

Kota delivers a modern, user-first experience for employee benefits. It integrates directly with insurers and pension providers, giving employees real-time access and control, and HR teams a single, reliable platform to manage everything. By combining its regulation, infrastructure, and user-friendly platform and app, it makes benefits effortless for HR and Finance, and engaging for employees. Kota integrates directly with insurance companies and makes it easy to roll out and run benefits, no matter who you are or where your team is.

Luke Mackey, Founder and CEO, said “Employee benefits, which can make up 25 per cent of total compensation, are systematically undervalued and expensive. It’s entirely out of date. Ultimately, no one on the team connected or engaged with them, no matter how much we invested. It’s not surprising. Insurance benefits are delivered in clunky portals or in PDFs, which is so unengaging compared to the financial experiences employees are used to.”

Last year, they launched Kota Embed, their embedded insurance offering for HR platforms to make insurance benefits available to their customers without leaving their HRIS or Payroll tool. The investment will power Kota’s mission to make employee benefits globally accessible and frictionless for employees, delivered through its intuitive platform and flexible API.

Read the full article: https://tech.eu/2025/05/22/kota-raises-145m-series-a-to-fix-broken-employee-benefits-system/