Benefitbay: Funding, Investors & Team (Sep 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 $4.7M 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.
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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 $4.7M 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.
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