Lightyear Capital backs voluntary benefits platform Corestream
The Tampa-based platform serves more than six million employees and processed over $500 million in payroll premiums last year.
Takeaways
- Corestream is a voluntary benefits and employee savings technology platform.
- Lightyear Capital is acquiring Corestream.
- The target serves voluntary benefits market serving employers, employees, brokers, and carriers across United States.
Corestream, a voluntary benefits and employee savings technology platform founded in 2006, has received a growth investment from Lightyear Capital, with existing investor LLR Partners continuing to hold a stake.
The Tampa-based company automates enrollment, billing, and administration for more than six million employees and processed over $500 million in payroll premiums in 2025.
“It has been a privilege to support Neil and the Corestream team and we are grateful for their partnership.
Since LLR’s investment in 2019, Corestream has grown significantly and established itself as a market leader, enabling employers to offer voluntary benefits at scale and employees to better understand and access the benefits that matter most to them,” said Sasank Aleti, Partner at LLR.
Co-founder and CEO Neil Vaswani will continue to lead the company.
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