OVERVIEW
Stebby is a pan-Baltic software-driven service platform designed for companies to manage their employees' wellness benefits. Stebby's solution enables companies to decrease administrative costs by outsourcing benefits management and gives users an easy way to spend their benefits allowance. The company has become a market leader in employee benefits management in Estonia and actively seeks to grow in the Latvian and Lithuanian markets. Livonia has become a majority shareholder in Stebby in 2022.
Sustainability & WHY WE INVESTED
In order to attract the best talent, companies are increasingly focused on enhancing flexible work policies, aligning benefit provisions, and incorporating wellbeing into overall benefit strategy. As the market leader in wellness benefits in the Baltics, Stebby is in a strong position to grow its platform while providing meaningful value-add to both employers and employees.
KEY FACTS
- Sales: €3.0 million
- Investment date: 2022
TEAM
- Kaido Veske
- Maarja Pärs
Livonia Partners invests in wellness platform Stebby
Livonia Partners invests in Stebby, the largest wellness service marketplace in the Baltics, in a management buyout transaction. The new ownership will allow Stebby to strengthen its position in the Baltic market and provide resources for further product and geographic expansion.