Benepass
YC W20New York City, US · Founded 2019 · Delaware corporation · 45 employees · Hiring · 11 known investors
Benepass provides flexible benefits platforms that enable employers to offer personalized, choice-based employee benefits aligned with company values and DEI initiatives. The platform helps companies strengthen employer branding and support employee wellness across diverse workforce needs.
Founders & leadership· Y Combinator alumni (W20)
Benepass was founded in 2019 by Jaclyn Chen, Mark Fischer, and Kabir Soorya.
JC
Jaclyn CheninCo-Founder & CEOJaclyn Chen worked in investment banking and private equity with a focus on financial services before co-founding Benepass, where she serves as CEO. She holds an MBA from Stanford Graduate School of Business.
MF
Mark FischerinCo-FounderCo-founder of Benepass, a fintech platform for globally distributing corporate compensation and benefits for HR teams. He previously worked as a hardware engineer at Industrial Perception (acquired by Google) and as a tech lead and manager on a robotics project at Google X, and studied mechanical engineering at Northwestern University.
KS
Kabir SooryainCo-founder · Chief Technology Officer (YC W20)
Board
MA
SC
Stephanie ChooBoard director
MI
Investors · 11
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Amino CapitalPalo Alto · $100K – $10M
Centana Growth PartnersSan Francisco · $10M – $50M
Clocktower VenturesSanta Monica · $100K – $20M
Gradient VenturesSan Francisco · $100K – $10M
MVP VenturesChicago
Threshold VenturesPalo Alto · $500K – $20M
Y CombinatorSan Francisco · $500K
Centana PartnersreportedSan Francisco · $10M – $50M
Portage Venturesreported · 2 sourcesMontreal
Workday VenturesreportedSan Francisco
Also in the syndicate · 1
FoW Partners
Reported raises · per SEC filings
Form D private placements$74.6M disclosed across 4 rounds · 2020–2025
▶$40MraisedDec 2025 · 5 investors · OtherRule 506(b)
▶$40MraisedDec 2025 · 5 investors · Other
Rule 506(b)Officers, directors & promoters on the filing
- Matthew AlfieriDirector
- Mark FischerDirector
- Stephanie ChooDirector
- Jaclyn ChenExecutive Officer, Director
- Offering amount
- $40M
- Amount sold
- $40M
- First sale
- Nov 2025
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$20MraisedFeb 2024 · 5 investors · OtherRule 506(b)
▶$20MraisedFeb 2024 · 5 investors · Other
Rule 506(b)Officers, directors & promoters on the filing
- Jaclyn ChenExecutive Officer, Director
- Kabir SooryaDirector
- Mohammad IslamDirector
- Mark FischerDirector
- Stephanie ChooDirector
- Offering amount
- $20M
- Amount sold
- $20M
- First sale
- Dec 2023
- Incorporated
- Corporation, Delaware, 2019
- Federal exemptions
- 06b
▶$12MraisedAug 2021 · 10 investors · Other TechnologyRule 506(b)
▶$12MraisedAug 2021 · 10 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Mohammad IslamDirector
- Kabir SooryaExecutive Officer, Director
- Jaclyn ChenExecutive Officer, Director
- Offering amount
- $12M
- Amount sold
- $12M
- First sale
- Jul 2021
- Incorporated
- Corporation, Delaware, 2019
- Federal exemptions
- 06b
▶$2.5MraisedJun 2020 · 15 investors · Other TechnologyRule 506(b)
▶$2.5MraisedJun 2020 · 15 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Kabir SooryaDirector
- Jaclyn ChenExecutive Officer, Director
- Offering amount
- $2.5M
- Amount sold
- $2.5M
- First sale
- Apr 2020
- Incorporated
- Corporation, Delaware, 2019
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Competitors · 10
by search overlapPeoplekeep2217 shared keywordsPeopleKeep, part of Remodel Health, offers HRA (health reimbursement arrangement) software that lets employers design, administer, and reimburse tax-free health benefits for employees. It serves small businesses, large employers, nonprofits, and brokers in the US, supporting QSEHRA, ICHRA, and GCHRA plan types.
ADP1440 shared keywordsADP provides cloud-based human capital management solutions that integrate payroll, HR, talent management, time and attendance, tax, and benefits administration for businesses globally. The company serves as a comprehensive provider of HCM software and business outsourcing services with analytics and compliance expertise.
Shrm1406 shared keywordsSHRM is a membership organization for human resources professionals, offering HR certifications, expert-led training, seminars, events, and research on workplace trends. It provides educational resources, networking through local chapters and regional councils, and data-driven insights for HR practitioners.
Forma1328 shared keywordsForma operates a benefits platform that provides customizable pre- and post-tax spending accounts, letting employees choose personalized benefits through a store, payment card, or claims reimbursement. It serves benefits and HR leaders configuring account types, eligibility, and rules, with claims administration, compliance, and reporting handled on their behalf.
Compt1327 shared keywordsCompt is a software platform for managing personalized lifestyle spending accounts (LSAs) and employee benefits, including wellness stipends, rewards and recognition, business expense reimbursements, and a company swag store. It serves companies and their HR teams, supporting a global workforce in over 75 countries.
Lively, Inc.1106 shared keywordsLively provides AI-powered customer service and support for the benefits administration industry, combining intelligent technology with human representatives to resolve employee and customer inquiries. The platform serves benefits administrators and employees seeking faster, more personalized service for health and financial benefits management.
Oyster1085 shared keywordsOyster is an employer of record (EOR) platform that lets companies hire, pay, and manage full-time employees and contractors in over 180 countries without setting up local entities, handling compliant onboarding, contracts, payroll, and benefits. It pairs an automated platform with in-house HR experts and integrates with HRIS, ATS, and accounting systems, serving globally distributed teams.
Gusto1014 shared keywordsGusto provides payroll processing, employee benefits administration, and HR management tools to businesses, offering integrated software alongside support services for these functions.
Intuit®1010 shared keywordsIntuit develops financial software products—including TurboTax, Credit Karma, QuickBooks, and Mailchimp—for consumers and small businesses to manage taxes, credit, accounting, and marketing. It serves approximately 100 million customers worldwide.
Rippling983 shared keywordsRippling is a workforce management platform that unifies HR, IT, finance, and employee data across a business. It integrates with 600+ applications to help organizations operate more efficiently.
Companies competing with Benepass for the same Google search keywords, organic and paid, via search-intersection analysis.
In the news
Frequently asked questions
- What does Benepass do?
- Benepass provides flexible benefits platforms that enable employers to offer personalized, choice-based employee benefits aligned with company values and DEI initiatives. The platform helps companies strengthen employer branding and support employee wellness across diverse workforce needs.
- Who founded Benepass?
- Benepass was founded by Jaclyn Chen, Mark Fischer, Kabir Soorya in 2019.
- Who are Benepass's investors?
- Benepass's investors include Amino Capital, Centana Growth Partners, Clocktower Ventures, Gradient Ventures, MVP Ventures, Threshold Ventures, Y Combinator, Centana Partners and 2 more.
- How much funding has Benepass raised?
- Benepass has disclosed $74.6M raised across 4 rounds.
- Where is Benepass headquartered?
- Benepass is headquartered in New York City, US.