Benepass announced a $40 million Series B funding round led by Centana Growth Partners, with participation from FoW Partners and existing investors Portage Ventures and Threshold Ventures. The New York–based benefits capital management platform aims to help employers redesign benefit programs amid

Alight, Inc. announced the sale of its Payroll & Professional Services business to an affiliate of H.I.G. Capital for up to $1.2 billion, aiming to transform into a more focused employee wellbeing and benefits platform. This strategic move is expected to enhance Alight's margin profile by nearly