{"id":2833,"date":"2023-09-18T16:48:55","date_gmt":"2023-09-18T16:48:55","guid":{"rendered":"https:\/\/fintech.global\/globalinsurtechsummitusa\/?p=2833"},"modified":"2025-10-31T12:27:35","modified_gmt":"2025-10-31T12:27:35","slug":"beam-benefits-raises-40m-to-boost-company-value-25","status":"publish","type":"post","link":"https:\/\/fintech.global\/globalinsurtechsummitusa\/beam-benefits-raises-40m-to-boost-company-value-25\/","title":{"rendered":"Beam Benefits raises $40m to boost company value 25%"},"content":{"rendered":"\n<p><strong><a href=\"https:\/\/www.beambenefits.com\">Beam Benefits<\/a>&nbsp;has closed a $40m funding round which is set to boost the insurers\u2019 company value 25% since its Series E in early 2021.&nbsp;<\/strong><\/p>\n\n\n\n<p>The round was led by existing investor&nbsp;<a href=\"https:\/\/www.gvca.ge\/en_US\/\">Georgian<\/a>, and is set to put Beam on track to grow its revenue 40% year-over-year with its expanded benefits portfolio and continued investment in new platform capabilities.<\/p>\n\n\n\n<p>Over the past 18 months, Beam has launched six new benefits products and plans to add more in-demand products in the future.<\/p>\n\n\n\n<p>Alex Frommeyer, Beam\u2019s co-founder and CEO, said: \u201cOur most recent funding is an incredible accomplishment, especially in the face of today\u2019s economic headwinds, and marks a significant step forward in our company\u2019s aggressive growth plans.\u201d<\/p>\n\n\n\n<p>Formely known as Beam Dental, the organisation was launched in 2012 as a full stack dental company that looked to incorporate dental hygiene behavior into policy pricing.<\/p>\n\n\n\n<p>Since then, the Columbus-headquartered firm has turned its expertise to a full portfolio of ancillary employee benefits.<\/p>\n\n\n\n<p>Through their intuitive digital platform, self-service tools, AI-powered underwriting, and unique Beam Perks programme, Beam delivers a simple, smart, and wellness-focused experience for brokers, employers, and members.<\/p>\n\n\n\n<p>Copyright \u00a9 2023 FinTech Global<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Beam Benefits&nbsp;has closed a $40m funding round which is set to boost the insurers\u2019 company value 25% since its Series E in early 2021.&nbsp; The round was led by existing investor&nbsp;Georgian, and is set to put Beam on track to [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":2835,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[37,38,16],"tags":[61,45],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.0 - 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