BenefitBay
PrivateLast Round
Series A
May 21, 2026
Est. Valuation
$12.5M
Total Funding Raised
$28.5M
Momentum
Top 1%
of companies Caplight tracks
Company Overview
BenefitBay is a human resources technology company that provides a SaaS platform for the administration of Individual Coverage Health Reimbursement Arrangements (ICHRAs).
Sector
Enterprise Software
Verticals
InsurTech, HR, Compliance, Workflow Automation, Vertical SaaS
Business Model
B2B
Customer Profile
Subscription SaaS
AI Layer
Application
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
BenefitBay Comps
Public and private peers based on sector, stage, and business model.
| Company | Status | Est. Valuation | Rev Multiple |
|---|---|---|---|
| OpenAI | Private | $86.0B | ~40x |
| Cohere | Private | $5.0B | -- |
| Competitor 1 | Public | $XX.XB | XXx |
| Competitor 2 | Public | $XX.XB | XXx |
BenefitBay Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Series A | May 21, 2026 | ||||
| Seed Round | Mar 25, 2026 | ||||
| Seed | Aug 24, 2023 | ||||
| Seed | Apr 6, 2023 | ||||
| Seed | May 1, 2021 |
Key People
Founding team and executive leadership
BenefitBay Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Ten Coves Capital | Series A |
| Right Side Capital Management | Seed |
| KCRise Fund | Series A |
| Comeback Capital | Seed |
| Overlooked Ventures | Seed |
| Invest Nebraska | Seed |
| Nebraska Angels | Seed |
Market signals
Structured signals derived from secondary market and firmographic data.
- Jun 15, 2026
Open roles increased to 10, 18% of headcount.
- May 21, 2026
$18M round led by Ten Coves Capital
BenefitBay Filings
SEC and related filings with document metadata.
| Typed | Date | Amount Offered | Amount Sold | Filling | Pages | Download |
|---|---|---|---|---|---|---|
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Frequently Asked Questions
Common questions about BenefitBay's valuation, stock price, and market status.