Insights

Growth funding Benefitbay recently secured a Series A of 18M in 2026, signaling strong investor confidence and a scalable growth plan. This funding momentum suggests increased budgets for sales, partnerships, and go-to-market initiatives, presenting opportunities to engage through enterprise-level pilots and strategic alliances.

Market leadership As a first-of-its-kind end-to-end ICHRA platform with regulatory compliance and deployment tooling, Benefitbay occupies a unique position to convert employers considering a shift from group plans to individual coverage. Targets include mid-market to large employers looking to differentiate benefits and improve talent attraction.

Talent attraction ICHRA is anticipated to become a seismic benefit shift for talent recruitment and retention. Position Benefitbay as the enabler of flexible, portable health benefits that attract top candidates who expect personalized coverage and job mobility without changing doctors.

Expansion readiness Recent headcount growth and a SaaS platform launch indicate operational scaling and readiness for broader market rollout. This aligns with pursuing large employers and broker networks that require scalable implementation, ongoing compliance support, and robust admin tools.

Strategic partnerships With reception from venture capital and emphasis on broker and employer ecosystems, there are clear opportunities to partner with HR tech, brokerages, and benefits consultants to accelerate adoption, co-sell to employers, and expand the ICHRA deployment footprint.

Similar companies to benefitbay®

benefitbay® Tech Stack

benefitbay® uses 8 technology products and services including LinkedIn Ads, HubSpot Analytics, Microsoft SharePoint, and more. Explore benefitbay®'s tech stack below.

benefitbay®'s Email Address Formats

benefitbay® uses at least 1 email format:
benefitbay® Email FormatsExamplePercentage
First.Last@benefitbay.comJohn.Doe@benefitbay.com
100%

Frequently Asked Questions

What is benefitbay®'s official website and social media links?

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benefitbay®'s official website is benefitbay.com and has social profiles on LinkedIn and Crunchbase.

How much revenue does benefitbay® generate?

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As of August 2026, benefitbay®'s annual revenue is estimated to be $100M - $250M.

What is benefitbay®'s SIC code and NAICS code?

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benefitbay®'s SIC code is 6411 - Insurance Agents, Brokers, and Service and NAICS code is 524 - Insurance Carriers and Related Activities.

How many employees does benefitbay® have currently?

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As of August 2026, benefitbay® has approximately 75 employees across 2 continents, including North America and Europe. Key team members include Vice President Of Engineering: P. P., Director Of Assurance Services: A. G. and Escalation Lead: J. E. Explore benefitbay®'s employee directory with LeadIQ.

What industry does benefitbay® belong to?

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benefitbay® operates in the Insurance industry.

What technology does benefitbay® use?

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benefitbay®'s tech stack includes LinkedIn Ads, HubSpot Analytics, Microsoft SharePoint, WordPress, PostgreSQL, Shopify, WP Engine and Microsoft Teams.

What is benefitbay®'s email format?

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benefitbay®'s email format typically follows the pattern of First.Last@benefitbay.com. Find more benefitbay® email formats with LeadIQ.

How much funding has benefitbay® raised to date?

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As of August 2026, benefitbay® has raised $31M in funding. The last funding round occurred on May 21, 2026 for $5M.

When was benefitbay® founded?

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benefitbay® was founded in 2021.
benefitbay® logo

benefitbay®

InsuranceMissouri, United States51-200 Employees

Benefitbay is a Kansas City, Missouri-based company operating in the insurance sector that provides an end-to-end platform for modeling, deploying, and managing Individual Coverage Health Reimbursement Arrangements (ICHRA) for employers of varying sizes. The platform supports secure, regulated deployment and offers tools to help employees select and enroll in plans that fit their individual needs, enabling tax-free employer contributions to be used for health coverage. Its service targets brokers, employers, and employees, addressing the inefficiencies that have hindered broader adoption of ICHRA by offering a compliant, comprehensive solution. Since its launch in 2020, the company has positioned itself as a facilitator of a shift from traditional group benefits toward more individualized, portable health benefits, aligning with expectations around talent recruitment and retention. A recent development noted is the advancement of its platform and related ecosystem, reflecting ongoing growth in the ICHRA space.

Section iconCompany Overview

SIC Code
6411 - Insurance Agents, Brokers, and Service
NAICS Code
524 - Insurance Carriers and Related Activities
Founded
2021
Employees
51-200

Section iconFunding & Financials

  • $31M

    benefitbay® has raised a total of $31M of funding over 6 rounds. Their latest funding round was raised on May 21, 2026 in the amount of $5M as a Series A.

  • $100M - $250M

    benefitbay®'s revenue is estimated to be in the range of $100M - $250M

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