Benefitbay

Raised $18M in a Series A round, announced 21 May 2026.

Round

Benefitbay raised $18 million in a Series A for ICHRA administration.

Amount
$18M
Stage
Series A
Announced
21 May 2026
Lead
Ten Coves Capital
Use of funds
Deeper carrier and payroll integrations, payments infrastructure, broker tools, and employee care navigation
Checked
Amount and date checked against the press source

Company

Administers individual coverage health reimbursement arrangements for employers.

Based in
Kansas City
Sector
Health
Website
benefitbay.com ↗

Founder

Sources and links

Source
Exclusive: Benefitbay raises $18M Series A for ICHRA administration - Axios news.google.com
Website
benefitbay.com ↗
LinkedIn
Brandy Thompson ↗
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