Nexben Revenue, Growth & Competitor Profile

Company Profile & Annual Report for Nexben

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Nexben Fast Facts

Revenue	$100 - $500 million    See Exact Annual Revenue
Employees	10 - 100Exact Company Size
Primary Industry	5242 Insurance Agencies & Brokerages
Address	150 S. 5th Street Suite 1750 Minneapolis, MN 55402

Note: Revenues for privately held companies are statistical evaluations.


Nexben's Annual Report & Profile shows critical firmographic facts:

• What is the company's size? (Annual sales and employees)
  • Nexben's annual revenues are $100 - $500 million (see exact revenue data)
• What industry is the company in?
  • Nexben is classified as operating in the Insurance Agencies & Brokerages industry, NAICS Code 5242.

Nexben Annual Revenue and Growth Rate

Nexben	Revenue Est. ($ Million)	Growth Rate (%)	# Employees
2023	$100 - $500 million Details in Premium Report
2022
2021
2020
2019

1-Year Growth Rate: 3-Year Growth Rate (CAGR):

Note: Nexben's revenues are gauged from an analysis of company filings.

Nexben's Income Statement (based on Industry Averages)

Nexben P&L	$ Millions
Revenue (Sales)
Cost of Goods Sold
Gross Profit
Operating Expenses
Advertising
Salaries and wages
Other Operating Expenses
Total Operating Expenses
Operating Income
EBITDA
EBIT (Earnings Before Interest and Taxes)
Net Profit

Investor Activity

Nexben has actively raised capital from investors. These investors may include private investors, venture capital firms, or other investment vehicles.

Date	Investors	Percent Raised	Target Size
May 14, 2024	26	85%	$28 MM
Complete list of funding rounds and total amounts in the Company Report

Trademark Applications

Trademark applications show the products and services that Nexben is developing and marketing. Nexben's new tradmarks suggest it is investing in R&D and marketing, while expanding into new products or markets. Trademarks may include brand names, product names, logos and slogans.

Trademark

Date

JOEY Providing financial payment technology in the field of employee health and financial benefits; electronic distribution and reconciliation of insurance premiums and payment data. Electronic payment services involving electronic processing and subsequent transmission of bill payment data; Providing financial information; Providing financial information, namely, costs of Individual Coverage Health Reimbursement Arrangement (ICHRA); providing and administering benefit services relating to Individual Coverage Health Reimbursement Arrangement (ICHRA)

12/19/2023

See all trademarks and details in the Full Report.

Market Share of Nexben's Largest Competitors

A competitive analysis shows these companies are in the same general field as Nexben, even though they may not compete head-to-head. These are the largest companies by revenue. However, they may not have the largest market share in this industry if they have diversified into other business lines. The "Competition" section of a business plan or investment memorandum would start by analyzing the information about these companies. Competitive advantage comes from offering better pricing or superior products/service.

Company	Headquarters	Revenue ($ MM)
SAGEWELL HEALTHCARE BENEFITS TRUST	Pittsburgh, PA	100
GOVERNMENT EMPLOYEES HEALTH ASSOCIATION	Lees Summit, MO	85
CIGNA GROUP	Bloomfield, CT	40
AMI BENEFIT PLAN ADMINISTRATORS	Youngstown, OH	18
SPECIAL AGENTS MUTUAL BENEFIT ASSOCIATION	Rockville, MD	16
PROGRESSIVE CASUALTY INSURANCE	Mayfield Village, OH	12
LOS ANGELES CITY EMPLOYEES ASSN.	Los Angeles, CA	10
AON CONSULTING	Lincolnshire, IL	9
LIBERTY MUTUAL INSURANCE	Boston, MA	8

Nearby Competitors

These companies are similar in business line and location to Nexben. While some companies compete with neighboring businesses for customers, other companies may compete to attract skilled employees.

Company	Headquarters	Revenue ($ MM)
UCARE MINNESOTA	Minneapolis, MN	100
BRIGHT HEALTH INSURANCE	Minneapolis, MN	55
GRAVIE	Minneapolis, MN	28
BMS INTERMEDIARIES	Edina, MN	28
NEXBEN	Minneapolis, MN	15
LONGEVITY HOLDINGS	Minneapolis, MN	11

Future Competition: Nexben's Fastest Growing Competitors

These companies are in the same general field as Nexben and are rapidly expanding. Companies may grow organically or through acquisition. In some cases apparently high growth rates may be caused by data that weren't available in previous years.

Company	Revenue ($ MM)