# Benefitbay funding: rounds and investors > Benefitbay has raised $23M across 2 rounds since 2025. Investors include Right Side Capital Management, Liquid 2 Ventures and Invest Nebraska. Source: https://millionrounds.com/company/benefitbay (Millionrounds; every figure on the page links to its filing or article) United States · [Series A startup](https://millionrounds.com/companies) # Who invested in *Benefitbay* 2 rounds we have observed, with the 3 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it. Regtech Raised 6 months ago Funding summary Updated 26 Oct 2026 **$23M** raised across 2 rounds since 2025, from 2 sources **$5.0M** Venture **$18M** Series A - **Latest round:** Series A, $18M May 2026 - **Step-up i:** 3.6× - **Investors:** 3 See who backed them ## The funding story Each circle is a round, placed by date and sized by amount. The line above is the running total. 2026 **$5.0M** Venture **$18M** Series A - **First round:** Venture, $5.0M - **Biggest round:** $18M - **Between rounds:** 9 months ## The rounds - **May 2026** Series A **$18M** *3 returning* [Right Side Capital Management](https://millionrounds.com/fund/right-side-capital-management) [Liquid 2 Ventures](https://millionrounds.com/fund/liquid-2-ventures) [Invest Nebraska](https://millionrounds.com/fund/invest-nebraska) Source recorded SEC filing: $18M sold, first sale Mar 2026 - **Aug 2025** Venture **$5.0M** *3 new* [Right Side Capital Management](https://millionrounds.com/fund/right-side-capital-management) [Liquid 2 Ventures](https://millionrounds.com/fund/liquid-2-ventures) [Invest Nebraska](https://millionrounds.com/fund/invest-nebraska) Source recorded SEC filing: $7.0M sold, first sale Aug 2025 ## Founders and team From Benefitbay's own website: 1 founder, 13 on the team. **Brandy Thompson** CEO | Founder - **Kevin Mullins** President and CFO - **Ben Crist** COO - **Aditi Erdman** VP of Finance - **Bill Dudley** VP of Information Technology - **Hunter Foster** VP of Agency Ops & Strategy - **Kevin Nichols** VP of Partner Success - **Lindsey Unterberger** VP of Marketing - **Pavel Pachkovsky** VP of Software Engineering - **Addison Gilliam** Director of Assurance Services - **Dan Duncan** Director of Product - **James Wiley** Director of Agency Strategy & Compliance - **Jessica Deines** Director of Employee Success - **Ryan Argotsinger** Director of Sales ## Who was in which round The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led. **Venture** 2025 **Series A** 2026 [Right Side Capital Management](https://millionrounds.com/fund/right-side-capital-management) [Liquid 2 Ventures](https://millionrounds.com/fund/liquid-2-ventures) [Invest Nebraska](https://millionrounds.com/fund/invest-nebraska) ## Everyone who backed them [Right Side Capital Management](https://millionrounds.com/fund/right-side-capital-management) VC firm **2** rounds [Liquid 2 Ventures](https://millionrounds.com/fund/liquid-2-ventures) VC firm **2** rounds [Invest Nebraska](https://millionrounds.com/fund/invest-nebraska) Government **2** rounds Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=benefitbay). ## Also claim to have backed them These 3 firms list Benefitbay as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above. [KCRise Fund](https://millionrounds.com/fund/kcrise-fund) VC firm Per its own site [Nebraska Angel Network](https://millionrounds.com/fund/nebraska-angels) Angel network Per its own site [G Ventures](https://millionrounds.com/fund/g-ventures-2) VC firm Per its own site ## Quick answers about Benefitbay ### Who invested in Benefitbay? Benefitbay's investors include Right Side Capital Management, Liquid 2 Ventures and Invest Nebraska. ### How much has Benefitbay raised? Benefitbay has raised $23M across 2 rounds since 2025. ### When did Benefitbay last raise? Benefitbay's most recent round was a Series A of $18M in May 2026. ### What was Benefitbay's biggest round? Its most recent round, $18M in May 2026, is also its largest on record. ### Who backed Benefitbay first? Benefitbay's first round on record, in Aug 2025, was backed by Right Side Capital Management, Liquid 2 Ventures and Invest Nebraska. ### What stage is Benefitbay at? Benefitbay's latest named round is a Series A, in May 2026. ### Where is Benefitbay based? Benefitbay is based in the United States. ## Companies like Benefitbay In the same sector, and raised in the last eighteen months. [**MURAL** $67M · Oct 2026](https://millionrounds.com/company/mural)[**Brellium** $40M · Oct 2026](https://millionrounds.com/company/brellium)[**Frame** $8.8M · Sept 2026](https://millionrounds.com/company/frame)[**Gaia Dynamics** $8.5M · Sept 2026](https://millionrounds.com/company/gaia-dynamics)[**Blee** $21M · Sept 2026](https://millionrounds.com/company/blee)[**Blaze.tech** $12M · Aug 2026](https://millionrounds.com/company/blaze-tech) ## Find investors like these Search every investor by what they have actually funded, then narrow to your stage and market. Free. Open the investor searchOr these rounds in the app