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Benepass

YC W20

New York City, US · Founded 2019 · Delaware corporation · 45 employees · Hiring · 20 known investors

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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.

Enterprise SoftwareFintechHR TechSaaSUnited States of AmericaAmerica / CanadaPartly Remote

Founders & leadership· Y Combinator alumni (W20)

Benepass was founded in 2019 by Jaclyn Chen, Mark Fischer, and Kabir Soorya.

JCJaclyn Chen
Jaclyn ChenCo-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.
MFMark Fischer
Mark FischerCo-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.
KSKabir Soorya
Kabir SooryaCo-founder · Chief Technology Officer (YC W20)
PM
Pat MarrujoHead of Talent Acquisition
EL
Esme LutzHead of Product
MM
Max MartinDirector of Business Developmentformer
AG
Andrea GouldCustomer Supportformer
RA
Rob AllenProduct Managerformer
EG
Emily GascaQueen of Clientsideformer

Board

MAMatthew Alfieri
Matthew AlfieriInvestor; Board DirectorPartner at Centana Growth Partners
SC
Stephanie ChooBoard director
MIMohammad Islam
Mohammad IslamBoard Observer2021–2026Partner at Threshold Ventures

Investors · 20

Amino Capitallisted by Amino CapitalPalo Alto · $100K – $10M

How we know: Amino Capital's portfolio page · a partner's Signal profile · the VCSheet dataset · Y Combinator's founder network · Not right? Tell us

Centana Growth Partnerslisted by Centana Growth PartnersSan Francisco · $10M – $50M

How we know: Centana Growth Partners's portfolio page · funding news · prnewswire.com · Not right? Tell us

Centana Partnerslisted by Centana PartnersSan Francisco · $10M – $50M

How we know: Centana Partners's portfolio page · board seat on SEC Form D · Y Combinator's founder network · Not right? Tell us

Clocktower Ventureslisted by Clocktower VenturesSanta Monica · $100K – $20M

How we know: Clocktower Ventures's portfolio page · the VCSheet dataset · open dataset · 5k.vc investor directory · Y Combinator's founder network · Not right? Tell us

Elysium Ventureslisted by Elysium VenturesSunnyvale

How we know: Elysium Ventures's portfolio page · Not right? Tell us

FOW Partnerslisted by FOW PartnersPortland

How we know: prnewswire.com · Not right? Tell us

Gradient Ventureslisted by Gradient VenturesSan Francisco · $100K – $10M

How we know: Gradient Ventures's portfolio page · the VCSheet dataset · open dataset · 5k.vc investor directory · Y Combinator's founder network · Not right? Tell us

MVP Ventureslisted by MVP VenturesChicago

How we know: the VCSheet dataset · Y Combinator's founder network · Not right? Tell us

Portage Ventureslisted by Portage VenturesMontreal

How we know: Portage Ventures's portfolio page · funding news · prnewswire.com · Y Combinator's founder network · Not right? Tell us

Soma Capitallisted by Soma CapitalSacramento · $100K – $300K

How we know: Y Combinator's founder network · somacap.com · open dataset · 5k.vc investor directory · Not right? Tell us

Threshold Ventureslisted by Threshold VenturesPalo Alto · $500K – $20M

How we know: a partner's Signal profile · funding news · alleywatch.com · open dataset · 5k.vc investor directory · Y Combinator's founder network · Not right? Tell us

Y Combinatorlisted by Y CombinatorSan Francisco · $500K

How we know: the Y Combinator directory · open dataset · 5k.vc investor directory · Not right? Tell us

Altaclub VCreported$200K

How we know: Y Combinator's founder network · Not right? Tell us

Avlok CapitalreportedLynnwood

How we know: Y Combinator's founder network · Not right? Tell us

Elysium Venture CapitalreportedPalo Alto

How we know: Y Combinator's founder network · Not right? Tell us

Global Founders CapitalreportedBerlin · $1M

How we know: Y Combinator's founder network · Not right? Tell us

Operator LPreportedNew York · $200K – $500K

How we know: Y Combinator's founder network · Not right? Tell us

Polymath Capital Partnersreported

How we know: Y Combinator's founder network · Not right? Tell us

Workday VenturesreportedSan Francisco

How we know: a partner's Signal profile · the VCSheet dataset · Y Combinator's founder network · Not right? Tell us

Reported raises · per SEC filings

Form D private placements

$74.6M disclosed across 4 rounds · 2020–2025

▶$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
Full filing on SEC EDGAR ↗
▶$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
Full filing on SEC EDGAR ↗
▶$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
Full filing on SEC EDGAR ↗
▶$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
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Related companies · 10

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OntopOntop enables companies to hire and pay contractors globally while providing contractors with access to a financial account, card, and spending tools. The platform automates payroll, compliance, and contracts across 150+ countries.
FinchFinch provides an API platform for applications to securely access employer and employee data with explicit consent, serving businesses that need workforce data integration. The company prioritizes enterprise-grade security, encryption, and compliance standards.
ADPADP 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.
Human InterestHuman Interest provides a software platform for 401(k) retirement savings plans, designed to help small and mid-sized businesses offer affordable retirement benefits to their employees.
SHRMSHRM, a human resources professional organization with influence over 362 million workers worldwide, provides guidance on managing workplace civility and conflict through executive thought leadership and strategic resources for organizations.
PlanePlane is a payroll and HR platform designed for automation-first teams, offering open APIs, CLI, and MCP integrations so agents and software tools can directly manage payroll operations. It serves startups and companies with diverse workforces spanning U.S. employees, global contractors, and EOR hires across 100+ countries.
FormaForma provides flexible employee benefits platforms designed for distributed and diverse workforces. The company enables organizations to replace standardized benefit packages with personalized options tailored to individual employee needs.
DrivingforceDrivingforce provides a unified workforce management platform for trucking fleets, handling compliance, payroll, and recruiting functions through a single interface.
ComptCompt 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.

Companies working in the same space as Benepass.

Legal entities · 1

corporate structure
BenePass, Inc.

In the news

Benepass Raises $40 Million in Series B | The SaaS Newsthesaasnews.com · Jan 2026Benepass Raises $20M in Fundingfinsmes.com · Jan 2024

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 Alumni Ventures, Amino Capital, Centana Growth Partners, Centana Partners, Clocktower Ventures, Elysium Ventures, FOW Partners, Gradient Ventures and 12 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.