Benefitbay
Delivering personalized benefits to the modern workforce
Kansas City, United States · Founded 2021 · $26.0M raised
- Headquarters
- Kansas City, Missouri
- Employees
- 51–200
- Founded
- 2021
- Business Model
- B2B
- Website
- benefitbay.com
- Total Funding
- $26.0M
- Last Round
- $18.0M Series AMay 2026
- Rounds
- 3
Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.
About
Benefitbay is an end-to-end ICHRA (Individual Coverage Health Reimbursement Arrangement) administration platform serving insurance brokers, employers, and employees. The platform enables employers to model, deploy, and oversee ICHRA plans with full compliance, while employees gain personalized health benefit purchasing power with visibility into government subsidy opportunities. Benefitbay raised an $18M Series A in May 2026 to expand its team and meet growing ICHRA demand. The company has been recognized as an Inc. Magazine Best Workplace of 2026.
Summary
Benefitbay is a Healthcare company based in Kansas City, United States, founded in 2021. It has raised $26.0M in total across 3 rounds, most recently a $18.0M Series A round in May 2026. Investors include Ten Coves Capital and KCRise Fund III.
Tech & App Stack
6 technologies & apps tracked
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Funding History
May 2026
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Funding: Seed through Series A. Amounts, valuations, and investors where available.
Investors
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