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
What is Benepass worth?
$187.0MPrivateMarketView mark · Oct 2026

Valued at $187.0M at its later-stage round, Jan 2026. Nothing has traded since.

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Valuation timeline

0 priced rounds · 32 daily marks since · Sep 2026 – Oct 2026
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Markrounds hold their value until the next priced eventMark, today
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Benepass funding history

3 rounds
DateRoundRaisedPost-money
Nov 2025Early Stage VC$40.0M▮
Dec 2023Early Stage VC$20.0M▮
Apr 2020Seed Round$2.5M▮
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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).

How Benepass's valuation is determined

Private company valuations aren’t quoted on an exchange — they’re established in moments: a priced funding round sets a post-money valuation, secondary trades print at a price per share, and SEC-registered funds holding the stock report fair-value marks in their N-PORT filings.

For Benepass, the most current credible signal sets the number and the older ones confirm it: a live secondary-market price first, then three or more recent prints, then institutional fund marks, and otherwise the last priced round, which never decays. The valuation is the last round’s post-money moved by the price change since that round, so no share count is assumed. Today it is set by its last priced round. Question about this number? Full methodology →

Frequently asked about Benepass

What is Benepass worth?
Benepass is valued at $187.0M as of Oct 2026. Valued at $187.0M at its later-stage round, Jan 2026. Nothing has traded since.
How much has Benepass raised?
Benepass has raised $74.7M in total funding across 3 recorded rounds.
When did Benepass last raise?
Benepass last raised in Nov 2025 (Early Stage VC), raising $40.0M.