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benefitbay

Healthcare Benefits ~30 employees
Founded
--
Employees (Est.)
~30
3 leaders known
Total Funding
$2.5M
Funding Rounds
1
Last Funding
2023-04-06

About benefitbay

Benefitbay is a platform that partners choose to deliver personalized benefits to the modern workforce. It empowers individuals to make their own benefit decisions through a modern approach to healthcare called ICHRA (Individual Coverage Health Reimbursement Arrangement), allowing employees to purchase individual health plans with the tax advantages of group insurance policies.

Products & Services

ICHRA Administration Platform:An end-to-end platform for insurance agents, employers, and employees to manage ICHRA benefits. Features include easy modeling of employee classes and budgets, intuitive portals for employers and employees, enrollment support, full compliance, and transparency into subsidy opportunities.

Specialties

ICHRA Administration Personalized Benefits Compliance in Health Benefits Employee Health Plan Enrollment Support

Funding History

Debug: View Raw Funding Data
# Type Amount Fields Date Fields Investors
1 RT: Seed Plus
T: -
FT: Seed Plus 		A: 2500000
MR: -
FA: $2.5 million
FAN: 2500000 		D: 2023-04-06
FD: 2023-04-06 		2 investors
Seed Plus Latest
2023-04-06
$2.5M
2 investors (Pro only)

Growth Metrics

+45%
Employee Growth
YoY
3.2x
Funding Growth
Last Round
12
Markets
Operating
10K+
Customers
Active

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Team & Leadership

B

Brandy Thompson

CEO | Founder

LinkedIn (Pro only)
B

Bill Dudley

VP of Software Engineering

LinkedIn (Pro only)
K

Kevin Nichols

VP of Customer Success

LinkedIn (Pro only)

Recent News

benefitbay Announces New Product Launch

2 days ago

Company unveils innovative solution to transform the industry, expanding market reach and capabilities...

Read more →

Leadership Team Expands with Industry Veteran

1 week ago

New executive brings 20+ years of experience to accelerate growth and strategic initiatives...

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Company Recognized as Industry Leader

2 weeks ago

Receives prestigious award for innovation and customer satisfaction in competitive market...

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Key Competitors

C1

Competitor Alpha

Series B · $50M raised

C2

Competitor Beta

Series C · $120M raised

C3

Competitor Gamma

Series A · $25M raised

C4

Competitor Delta

Seed · $10M raised

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Company Details

Industries
Healthcare Benefits
Company Size
~30 employees (est.)

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Technology Stack

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