Benefitbay: Funding, Investors & Team (Oct 2026)
Benefitbay is a unique solution that helps employers effectively manage and implement their ICHRA plans, ensuring they are in line with regulations and giving employees the tools and assistance they need to choose and enroll in the best plan for their needs.
Benefitbay has raised $25.4M across 4 funding rounds on record, the most recent a Series A of $18.0M announced in May 2026.
That round is above the $5.0M median round size for Administrative Services companies tracked on FundedIQ over the last two years.
Benefitbay Company Profile and Key Stats
Latest funding round on record: May 2026.
Benefitbay Funding Rounds
Benefitbay raised $1.2M in an undisclosed round announced in May 2021.
2.9 years later, a Seed of $1.2M was announced in Apr 2024.
1.3 years later, an undisclosed round of $5.0M was announced in Aug 2025.
9 months later, a Series A of $18.0M was announced in May 2026.
Benefitbay Founders and Leadership Team
Contact details for the Benefitbay team: 1 of 2 have an email address on file, 1 has a LinkedIn profile.
Start 14-day free trial →Benefitbay Funding Compared to Other Administrative Services Startups
Benefitbay's latest round of $18.0M is above the median round in Administrative Services. Medians cover the last 24 months of disclosed rounds.
Funded Startups Like Benefitbay in Administrative Services and Kansas City
Companies Similar to Benefitbay
UpSmith is greatly improving people's lives by providing them with opportunities to receive practical skills…
Parakeet Health is an AI patient engagement platform that helps healthcare organizations improve the patient…
Miter is a platform designed for contractors that focuses on human capital management, field operations, and…
Ema is creating advanced AI solutions that aim to enhance creativity and productivity for all employees in…
Spott is a comprehensive AI-powered application tracking system and customer relationship management tool…
Ottonomy IO is a technology startup that creates autonomous robot fleets for contactless deliveries,…
BrightPlan's mission is to make financial wellness attainable for everyone. BrightPlan is the first financial…
SupplyCaddy produces a range of disposable paper products, which include designs such as packaging, paper,…
Easy Aerial is a leading provider of autonomous drone-based monitoring solutions for commercial, government,…
COR is the next-generation solution for creative and professional teams that intelligently suggests how to…
Rocketlane is building a unified workspace that enables customers to collaborate on onboarding projects.…
Warp is the AI-native Employee Management platform for ambitious companies. Payroll, HR, compliance, benefits…
Benefitbay Funding FAQs
What does Benefitbay do?
Benefitbay is a unique solution that helps employers effectively manage and implement their ICHRA plans, ensuring they are in line with regulations and giving employees the tools and assistance they need to choose and enroll in the best plan for their needs.
How much funding has Benefitbay raised?
Benefitbay has raised $25.4M across 4 rounds on record. The most recent is a Series A of $18.0M announced in May 2026.
When did Benefitbay last raise funding?
Benefitbay's most recent funding round on record is a Series A of $18.0M, announced in May 2026.
Who founded Benefitbay?
FundedIQ lists Brandy Thompson (Founder), Zach Harris (Founder) at Benefitbay.
Where is Benefitbay headquartered?
Benefitbay is based in Kansas City, Missouri, United States.
How many employees does Benefitbay have?
Benefitbay is in the 11-50 employee band.
How does Benefitbay's funding compare to other Administrative Services startups?
Benefitbay's latest round of $18.0M is above the $5.0M median round size for Administrative Services companies on FundedIQ across 1,897 tracked companies over the last two years.
About FundedIQ's Benefitbay Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Benefitbay is left off this page rather than filled in.
Know who just raised. Then know who to reach.
Startup funding intelligence on every funded startup: the round, the investors and the founders, as a file in your inbox or searchable in the app.
Radar from $49/mo · Pro from $149/mo. Card required, nothing charged until day 15, and we email you 3 days before that. Need something specific? Custom plans from $499/mo.