Benepass
PrivateLast Round
Series B
Jan 21, 2026
Est. Valuation
$195M
Total Funding Raised
$74.4M
Momentum Score
50 /100
Company Overview
Benepass is a financial technology company that provides a platform for employers to offer flexible and personalized employee benefits. The company's SaaS platform allows businesses to distribute benefits and non-salary compensation globally through a unified system. Employees receive a physical and virtual Visa card to spend on a variety of pre-approved benefit categories, including pre-tax accounts like HSAs and FSAs, as well as customizable Lifestyle Spending Accounts (LSAs) for things like wellness, professional development, food, and family care. Benepass aims to simplify benefits administration for HR teams, increase employee engagement, and provide the flexibility for employees to choose benefits that are most meaningful to their lives. The company is backed by venture capital and has raised $34.6 million as of its Series B round in January 2024.
Sector
Enterprise Software
Verticals
HR, Accounting & Expense, Digital Payments, Compliance
Business Model
B2B2C
Customer Profile
Subscription SaaS, Payment Processing Fee
AI Layer
Non-AI
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Benepass Comps
Public and private peers based on sector, stage, and business model.
Benepass Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Series B | Jan 21, 2026 | ||||
| Series B | Jan 31, 2024 | ||||
| Series A | Sep 29, 2021 | ||||
| Seed | Jun 1, 2020 |
Key People
Founding team and executive leadership
Benepass Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Polymath | Seed |
| Gradient Ventures | Series A, Series B, Seed |
| Elysium Venture Capital | Seed |
| Global Founders Capital | Seed, Series A |
| Threshold Ventures | Series B, Series A |
| Clocktower Ventures | Series B |
| Portage Ventures | Series B |
Market signals
Structured signals derived from secondary market and firmographic data.
- Apr 3, 2026
Aileen Palmer joins as Head of Customer Operations.
- Jan 21, 2026
$40M round with a $155M pre-money valuation.
Benepass 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 Benepass's valuation, stock price, and market status.
