Happl raises $11m Series A to scale its global benefits operating system

Happl, the London- and New York-based provider of an AI-native employee-benefits platform for multinational employers, has raised $11m in a Series A round.

The round was led by Portage Ventures, with participation from F Capital and continued backing from Y Combinator, 6 Degrees Capital, Haatch, and Ventures Together. The investment will be used to accelerate product development and to expand the company’s UK and US teams.

Founded in 2022 by CEO Ben Towers, Happl positions itself as a global benefits operating system. The platform combines a configurable rules engine with HRIS and payroll integrations and intelligent automation aimed at replacing the country-by-country processes that multinational employers typically run through spreadsheets, brokers, and manual work.

The company says it already operates across more than 160 countries and supports customers including Moelis, Kainos, and Hootsuite.

Happl said the funding will be deployed across five product priorities: deeper AI integration in its ...