Chicago Pacific Founders has made a strategic investment in Nexben, a Minneapolis-based provider of end-to-end fintech services for employer healthcare benefits. The investment, effective October 24, 2025, aims to accelerate Nexben's platform development and expand into new markets. Mark Smith, a CPF operating partner, will serve as CEO.

Nexben specializes in turnkey enrollment and marketplace services that streamline defined contribution and individual coverage health reimbursement arrangement (ICHRA) strategies for employers. The company handles administrative, payment, and reconciliation needs for healthcare benefits, positioning itself as a key player in the growing healthcare fintech sector.

The investment aligns with Chicago Pacific Founders' focus on growth companies in value-based care, healthcare services, AI, and tech-enabled services. By backing Nexben, CPF is betting on the continued evolution of employer healthcare benefits toward more flexible, technology-driven solutions. This move comes as businesses increasingly seek streamlined approaches to managing employee healthcare costs and compliance.