Cobee

Cobee is a Spanish platform that automates the employee benefits management process. It includes a range of benefits related to meals, transportation, childcare, health insurance, IT equipment, pensions, employee discounts and mental health. The company does this by offering ‘flexible remuneration’, where employees allocate a percentage of their gross salary to the consumption of goods and services at below-market prices.

Cobee claims that its main target market is businesses with employees numbering between 50 and 5,000. It charges companies a subscription fee per active employee.

In June 2024, Cobee was acquired by Pluxee, a global employee benefits and engagement provider. 

Key customers and partnerships

As of April 2024, ‘thousands’ of companies used Cobee’s platform, notably including Klarna, PwC, WPP and Michelin.

Funding and financials

Cobee’s most recent funding was in November 2022, when it raised EUR 40 million (~USD 41 million) in a Series B round co-led by Octopus Ventures and Notion Capital. The funds were earmarked to expand into other Spanish and Portuguese speaking countries in Latin America and Southern Europe. Further, Cobee’s revenue in 2022 grew by threefold indicating significant customer interest.