---
title: Benefitbay raises $18m Series A to scale ICHRA platform
description: "\"Benefitbay secures $18 million in Series A funding to expand their innovative ICHRA platform and revolutionize employee benefits. Learn more here.\""
image: https://insnerds.com/hubfs/News%20Feed%20Featured%20Image.jpg
---

# Benefitbay raises $18m Series A to scale ICHRA platform

[![Picture of Insurance Nerds Editorial Team](https://insnerds.com/hubfs/insurance_nerds_logo.png) Insurance Nerds Editorial Team ](https://insnerds.com/news/author/insurance-nerds-editorial-team) :  May 26, 2026 1:56:51 PM

![Benefitbay raises $18m Series A to scale ICHRA platform](https://insnerds.com/hubfs/News%20Feed%20Featured%20Image.jpg)

## Benefitbay Secures $18 Million Series A Funding

Benefitbay has raised $18 million in a Series A funding round. The company plans to use the funds to expand its Individual Coverage Health Reimbursement Arrangements (ICHRA) platform. Benefitbay stated that this development is part of its efforts in reshaping employee benefits. Further details about the investors or specific plans for fund allocation were not disclosed.

**Original Source:** [https://fintech.global/2026/05/26/benefitbay-raises-18m-series-a-to-scale-ichra-platform/](https://fintech.global/2026/05/26/benefitbay-raises-18m-series-a-to-scale-ichra-platform/)

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