Salica Investments has provided Benivo with $6 million of venture debt as part of a $7 million growth financing package. Benivo announced the package in London on 30 July 2026, saying Salica led the financing alongside other partners.
The money will supply dedicated working capital to expand Benivo's Relocation Services funding capabilities. Benivo advances approved relocation funds and manages payments to employees and service providers on behalf of enterprise clients. It said the extra capacity will allow it to support larger relocation programmes and higher transaction volumes without diverting operating capital from its technology platform, AI capabilities and customer service.
Benivo is a London-based employee relocation and mobility software company. It combines mobility technology, relocation services, compliance and reporting on one platform and said it delivers relocation services in more than 100 countries. Nitzan Yudan is founder and chief executive.
Yudan said growing relocation programmes create working capital requirements because funds often need to reach employees and service providers before clients settle their invoices. "This facility gives us the capacity to support larger programmes and higher transaction volumes, while continuing to invest in our platform and service quality," he said.
Benivo said the financing follows a record revenue year, with revenue up nearly tenfold over five years from new enterprise customers and expansion of existing accounts. It said it has held a customer net promoter score above 50 for five consecutive years and reached EBITDA profitability in 2026.
In September 2022 Benivo raised $12 million in a growth equity round led by Updata Partners. The company said it would use that capital to grow teams in the US, the UK, Armenia and India. Braden Snyder, a Partner at Updata Partners, joined the Benivo board.
Ross Goodwin, Partner, Venture Debt at Salica, said venture debt is well suited to supporting the company's growth without unnecessary shareholder dilution. He said Salica had been impressed by Yudan, the wider management team and Benivo's enterprise customer base. Goodwin said on LinkedIn that Updata Partners introduced Salica to the opportunity
Salica is a London multi-strategy private markets firm that invests across equity and debt. Its growth debt strategy provides non-dilutive senior debt to high-growth software, advanced manufacturing and IP-rich businesses.
On 1 October 2025 Salica announced a first close of Growth Debt Fund II at £150 million. The British Business Bank and West Yorkshire Pension Fund each committed £30 million as repeat anchors. The fund provides senior secured loans to high-growth UK companies in software, IP-rich hardware and advanced manufacturing.