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TASC Ventures operates as the corporate venture arm of Total Administrative Services Corporation (TASC), a prominent provider of benefits administration. It invests in nationwide seed-stage companies focused on enhancing employee well-being and improving employer financial outcomes. This specialized unit strategically identifies innovative solutions within the HR technology and employee benefits landscape.
Total Administrative Services Corporation, the parent entity, was founded in 1975 by Don Rashke. Rashke's insight centered on simplifying complex administrative services for employee benefits. TASC Ventures was established as a natural extension, channeling investment into nascent firms that align with and further this foundational mission.
TASC Ventures supports seed-stage enterprises developing solutions within the employer-employee ecosystem. Its vision is to cultivate a portfolio of companies that collectively advance workforce satisfaction and operational efficiency. Through these investments, TASC Ventures reinforces its parent company's dedication to streamlining benefits administration for organizations nationwide.
TASC Ventures has 2 tracked investments across 2 companies. The latest tracked deal is $5.0M Seed in Pendella in February 2022.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Feb 1, 2022 | Pendella | $5.0M Seed | American Family Ventures, MassMutual Ventures | IA Capital Group, MTech Capital, Aflac Ventures, Assurity Ventures, Early Light Ventures, SixThirty |
| Jul 13, 2020 | Icon Savings Plan | $3.2M Seed | — | Alumni Ventures, Kelly Innovation Fund, Portland Seed Fund, Rethink Impact |