NU Online News Service, June 20, 12:33 p.m. – BenefitPoint Inc., San Francisco, a company that distributes employees benefits through the Web, says it has raised $11 million by selling preferred stock to a group of institutional investors led by HarbourVest Partners L.L.C., Boston.

BenefitPoint will use the cash to improve its distribution system and strengthen its marketing efforts, the company says.