How much funding has Benefitbay raised?

Benefitbay has raised $26.0M in total funding, most recently a series a round.

Who are Benefitbay's investors?

Benefitbay's investors include Ten Coves Capital.

When was Benefitbay founded?

Benefitbay was founded in 2021.

Where is Benefitbay headquartered?

Benefitbay is headquartered in Kansas City, Missouri, United States.

What industry is Benefitbay in?

Benefitbay operates in Healthcare, SaaS.

How many employees does Benefitbay have?

Benefitbay has 51-200 employees.

Benefitbay

Delivering personalized benefits to the modern workforce

Kansas City, United States · Founded 2021 · $26.0M raised

Healthcare

SaaS

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

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.

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