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Founded in 2013 by entrepreneur Benjamin Geyerhahn, BeneStream is a New York City based health technology company providing a SaaS platform to help employers screen and enroll eligible low wage workers into government assistance programs like Medicaid, Medicare, and CHIP. This business to business service allows companies to reduce corporate healthcare costs and manage Affordable Care Act compliance by transitioning qualifying hourly employees to government sponsored health insurance. The organization operates with approximately 15 employees, generates an estimated 3,800,000 dollars in annual revenue, and has successfully screened tens of thousands of households. BeneStream secured 10,480,000 dollars in total venture funding from prominent backers including BlueCross BlueShield Venture Partners, the Ford Foundation, Kapor Capital, and Sandbox Industries. To further expand commercial access to public health benefits, the platform was acquired by ful health in October 2024.
BeneStream has raised $9.8M across 4 funding rounds.
BeneStream has raised $9.8M in total across 4 funding rounds.
BeneStream is a New York–based technology company that builds software to help low- and moderate-income individuals enroll in and maintain access to public benefits and social services, with the stated goal of reducing poverty by connecting eligible people to programs like SNAP, Medicaid, and Child Health Plus[1][2].
High-Level Overview
Origin Story
Core Differentiators
Role in the Broader Tech Landscape
Quick Take & Future Outlook
Note on sources and gaps: The above summary is based on publicly available company profiles from Idealist and Built In NYC, which emphasize BeneStream’s mission and product focus but do not disclose founding year, founders’ names, specific funding or revenue figures, or detailed product metrics; for deeper due diligence (founder bios, financials, customer list, product demos), I can search for press releases, filings, LinkedIn profiles, or request direct company materials.
BeneStream has raised $9.8M across 4 funding rounds. Most recently, it raised $2.0M Series A Extension in September 2015.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Sep 29, 2015 | $2M Series A Plus | Anna Haghgooie, Sandbox Industries | — | Announced |
| Jul 8, 2015 | $4.3M Series A | Michael Sachs | George Duczak, Kevin Hill, Martin Babinec, Kapor Capital, Relativity Healthcare Partners, Julius Mokrauer | Announced |
| Nov 24, 2014 | $1.5M Debt Financing | Helen Neuborne | — | Announced |
| Jul 1, 2014 | $2M Seed | Joshua Mailman, The Social Entrepreneurs' Fund | CrunchFund, Ensemble VC, Long Journey Ventures, ONE WAY Ventures, The House Fund, Tribe Capital, UpHonest Capital, UpVentures Capital, Devin Thorpe, Jack Levin, Josh Elman, Ryan Sarver, Wayne Chang, Esther Dyson, George Duczak, Jeffrey Wald, Kevin Hill, Martin Babinec, Rafi Musher, Angel Round, Martin Investment Holdings | Announced |
BeneStream has raised $9.8M in total across 4 funding rounds.
BeneStream's investors include Anna Haghgooie, Sandbox Industries, Michael Sachs, George Duczak, Kevin Hill, Martin Babinec, Kapor Capital, Relativity Healthcare Partners, Julius Mokrauer, Helen Neuborne, Joshua Mailman, The Social Entrepreneurs' Fund.