Beam Analysis: $40M Raised
What is Beam?
Beam Benefits is a digitally-native employee benefits company offering ancillary benefits and an intuitive online platform for improved wellness.
Product Features & Capabilities
- dental benefits, vision benefits, life insurance, disability insurance, supplemental health coverage, accident coverage, hospital indemnity, wellness rewards program
Pricing
- Dental Plans: Pricing information is not explicitly listed; users are encouraged to request a quote for specific pricing.
- Vision Plans:
- Plan 1: $10 copay for annual exam, $150 in-network allowance for lenses or contacts every 12 months, $25 materials copay.
- Plan 2: $10 co
How much Beam raised
Series F - Raised:** $40 million
September 12, 2023Lead Investor: Georgian, TriplePoint Ventures, Sahin Boydas
Who are the founders of Beam
EM
Eli Mernit
Founder
LL
Luke Lombardi
Founder
Market Focus
Beam primarily focuses on the employee benefits industry, offering a range of ancillary benefits and wellness solutions through a digital platform.
Business Model
Digital platform for employee benefits; revenue from subscriptions and ancillary services.
Competitors Overview
Beam Benefits operates in the employee benefits market, primarily focusing on ancillary benefits and employee wellness solutions. Its main competitors include:
- CommuniCare Advantage:
- Overview: Offers a range of employee benefits including medical, dental, vision, and life insurance.
Investors
- Georgian
- Mercato Partners’ growth equity fund, Traverse
- Drive Capital
- Nationwide
- Breakout Capital
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