Benepass

New York, NY · Founded 2019 · Privately Held (backing)

Developer of a benefits card software designed to improve access to benefits, maximize flexibility, and increase ease of use. Benepass is based in New York, NY and was founded in 2019. It was valued at $187 million at its later-stage round in Jan 2026, the last priced event on record. It has raised $74.7 million across 3 recorded rounds; the latest was a $40 million early-stage round in Nov 2025.

PMV mark · valuation
$187.0M
Oct 2026
Priced at
its later-stage round
Jan 2026
Total raised
$74.7M
Last round
Early Stage VC
Nov 2025
How much has Benepass raised?
$74.7Macross 3 recorded rounds · Apr 2020 – Nov 2025

Most recently, Benepass raised $40.0M in its Early Stage VC (Nov 2025).

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Benepass round by round

3 rounds
Nov 2025Early Stage VC$40.0MSEC filing▮
5 investors participated
Dec 2023Early Stage VC$20.0MSEC filing▮
5 investors participated
Apr 2020Seed Round$2.5MSEC filing▮
15 investors participated

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.

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22 investors have backed Benepass.

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Frequently asked about Benepass

How much has Benepass raised?
Benepass has raised $74.7M in total across 3 recorded funding rounds.
When was Benepass's last funding round?
Benepass's most recent recorded round was Early Stage VC in Nov 2025, raising $40.0M.