Benepass key facts
as of Oct 2026- Developer of a benefits card software designed to improve access to benefits, maximize flexibility, and increase ease of use.
- Benepass is valued at approximately $187.0M as of Oct 2026, set at its later-stage round, Jan 2026; nothing has traded since, per PrivateMarketView’s mark.
- It has raised $74.7M across 3 recorded rounds; the latest was Early Stage VC ($40.0M) in Nov 2025.
- Notable investors include Y Combinator, Alumni Ventures, Soma Capital, Global Founders Capital, Clocktower Ventures — 22 tracked in total.
- Benepass has filed 3 Form Ds with the SEC since 2020, most recently Dec 2025 ($40.0M sold to 5 investors).
- Status: Privately Held (backing).
Valued at $187.0M at its later-stage round, Jan 2026. Nothing has traded since.
- ·The complete investor list: 22 names
- ·Watch Benepass: the Monday email on marks, rounds and moves
Benepass funding rounds
3 roundsWho backs Benepass
22+Membership and data by Private Market View
Benepass valuation
Benepass was valued at $187 million at its later-stage round in Jan 2026. That is the last priced event on record: no secondary trade or institutional fund mark has moved the figure since.
How much has Benepass raised?
Benepass has raised $74.7 million across 3 recorded rounds since 2020. The largest was a $40 million early-stage round in Nov 2025.
Benepass has filed 3 Form Ds with the SEC since 2020, most recently in Dec 2025 ($40 million sold to 5 investors).
Benepass investors
22 investors are on record for Benepass, including Y Combinator, Alumni Ventures, Soma Capital and Global Founders Capital. By type, the record holds 12 venture capital firms and 1 asset manager. The early-stage round in Nov 2025 drew 5 investors.
About Benepass
Developer of a benefits card software designed to improve access to benefits, maximize flexibility, and increase ease of use. The company's platform lets employers set their wellness policy by distributing the funds via prepaid debit cards and also automates the onboarding and offboarding of employees through payroll integration, enabling employers to seamlessly connect with payroll and accounting departments for tax compliance and improve employee engagement.
- Sector
- Information Technology
- HQ
- New York, NY, United States
- Founded
- 2019
- Employees
- 92
- Website
- getbenepass.com/
- Ownership
- Privately Held (backing)
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