Tech Company Financing Transactions
BenefitBay Funding Round
BenefitBay closed a $18 million Series A funding round on 5/22/2026. Backers included Ten Coves Capital and private investors.
Transaction Overview
Company Name
Announced On
5/22/2026
Transaction Type
Venture Equity
Amount
$18,000,000
Round
Series A
Investors
Ten Coves Capital (Lead Investor)
Proceeds Purpose
The company will use the funding to expand its payments infrastructure, enhance direct carrier and payroll integrations, and improve broker enablement tools to support continued growth.
Company Information
Company Status
Private & Independent
Industry
InsureTech
Mailing Address
13750 Millard Ave 100
Omaha, NE 68137
USA
Omaha, NE 68137
USA
Phone
Undisclosed
Website
Email Address
Overview
Benefitbay began developing our ICHRA platform in 2012. We solved deployment hurdles before others were getting started. Our management pairs years of combined experience in health benefits with a best-in-class team of engineers. The result - a simple, streamlined suite of tools that will manage every aspect of ICHRA from plan modeling and compliance to deployment and enrollment. Our compliance standards have been rigorously tested by one of the leading consulting firms in the country, enabling brokers and their clients to rest assured their ICHRA plans live up to both regulatory standards and employee expectations.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Brandy Burch
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