Benefitbay
Latest round
- Series A
Last raised
- May 2026
Total raised
- $27M
Investors
- 6
About Benefitbay
Based in Kansas City, US, and founded in 2021, Benefitbay provides full-service suite technology for employee benefits. The company was founded by its CEO Brandy Burch. The company offers individual coverage, and health reimbursement arrangement administration platforms for brokers, employers, and employees. The firm’s platform enables employers to reimburse employees for their individual health plans at the same time they can maintain the tax advantage of a group insurance policy. The firm ICHRA technology includes Fulcrum which solves real-time modeling and compliance, advance reimbursement checking, and subsidy advantage. Benefitbay generates revenue through subscription and platform fees associated with its ICHRA administration software and related benefits management services. The company earns revenue by providing employers, insurance brokers, and employees with technology for plan modeling, enrollment, compliance administration, reimbursement processing, payment infrastructure, carrier integration, payroll integration, and ongoing healthcare benefits management. Additional revenue is derived from value-added platform services that support employee enrollment, plan selection, benefits administration, and healthcare payment workflows. The company plans to use the Series A proceeds to expand its payments infrastructure, deepen carrier and payroll integrations, enhance broker enablement capabilities, broaden payment functionality beyond medical benefits, and develop employee care navigation and healthcare decision-support tools.
Who invested in Benefitbay
6 investors across 4 rounds
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Questions about Benefitbay
Who invested in Benefitbay?
Benefitbay has 6 investors on record across 4 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Benefitbay raised?
Benefitbay has raised 4 venture rounds. Sign up free to see how much each round raised and the total.
When did Benefitbay last raise money?
Benefitbay's most recent round on record is a Series A, in May 2026.
What does Benefitbay do?
Based in Kansas City, US, and founded in 2021, Benefitbay provides full-service suite technology for employee benefits.
Where is Benefitbay headquartered?
Benefitbay is headquartered in Kansas City, US.
Which VCs invest in companies like Benefitbay?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Benefitbay's stage. Their profiles are linked below.
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