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Beam Analysis: $11M Raised

What is Beam?

Beam provides a software platform designed for construction businesses to manage sales, finance, and operations. It includes tools for estimating, invoicing, expense management, and integrates with QuickBooks for bookkeeping. The platform is utilized by contractors for projects ranging from thousands to millions of dollars.
Industry
SaaS, Construction
Valuation
$5.4M
Free Plan Availability
Yes
Latest Funding Amount
$11,000,000
Latest Funding Round Size
$11.0M
Selfserve Signup
Yes

Product Features & Capabilities

  • Estimating & Proposals
  • AI Estimating Assistant
  • Invoicing & Online Payment
  • Change Order Management
  • Daily Logs & Client Updates
  • Job Costing
  • Bill Payment
  • Card & Expense Management
  • Cash Management Account
  • Compliance Tracking
  • QuickBooks Integration

How much Beam raised

Funding Round - $11.0M

Recent

Other Considerations

Serves hundreds of contractors across the U.S.; Offers a Core plan with no monthly cost; Provides free training and support; Integrates with multiple tools like QuickBooks and CompanyCam

Reported Clients

  1. Integrum Construction - They have achieved a significant efficiency boost, saving over 20 hours each month and speeding up project execution by utilizing Beam's software.
  2. Baytek

Gtm Strategy

Beam employs a hybrid go-to-market (GTM) strategy that incorporates elements of both product-led growth (PLG) and sales-led approaches.

Upon analyzing Beam's website, several key aspects of their GTM strategy emerged. The homepage prominently features a "Start for Free" button, indicating a strong emphasis on self-service signup, which is characteristic of a product-led growth model. This allows potential users to access the product immediately without the need for a demo or sales interaction, reducing friction in the onboarding process. Additionally, there is a "Login" option, suggesting an existing user base that can access the product directly.

The pricing page reveals a transparent structure, with a Core plan that has no monthly cost, further supporting the PLG approach by allowing users to experience the product's value before committing financially. The presence of customer testimonials highlights successful use cases, indicating that Beam encourages viral adoption among users, which is another hallmark of PLG.

However, the website also includes educational resources such as live and on-demand training, which suggests a commitment to customer support and a sales-led approach. This dual focus indicates that while Beam optimizes for rapid user adoption and virality, they also recognize the importance of high-touch relationships and support for larger contract values.

Overall, Beam's strategy reflects a balanced approach, leveraging the strengths of both PLG and sales-led models to cater to their target market in the construction industry.

Homepage Pricing

Beam offers a **Core plan** with no monthly cost, which includes a **30-day free trial** after requesting a demo. This pricing structure is transparent, allowing potential users to explore the platform without any initial financial commitment. The availability of a free tier is clearly stated on their homepage, emphasizing that users can start using the service without a subscription fee.

Find more companies like Beam

US Series A startups

Financial Overview

$11MTotal Raised
Funding Round$11.0M
Recent
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