Beam Raises $80 Million in Series E Funding to Further Modernize Dental Benefits

We’re excited to announce we recently raised $80 million in an oversubscribed Series E fundraise. The round was led by Mercato Partners’ growth equity fund, Traverse, with participation from new and existing investors, including Drive Capital, Georgian, Nationwide, and Breakout Capital. The round brings Beam’s total funding to over $160 million.

Checkout the full announcement plus additional details at https://beam.dental/press

This year’s focus …

• Easier: Beam’s digital platform makes everything from quotes to claims fast and easy for brokers, members, and employers.
• Smarter: Smart pricing driven by machine learning means benefits brokers can get more accurate custom quotes¹ in as little as 30 seconds.
• Preventive: Members who use Beam’s connected toothbrush may earn lower insurance rates² based on their dental hygiene as well as rewards³ to maintain better wellness overall.

We’re excited to see how this round of funding allows us to do even more exciting things with our products. Stay tuned!

Disclaimers:
¹ Use of the Digital Quoting Tool not currently available in all states and contingent upon Broker’s proper appointment and licensure.

² Lower rate based on group’s participation in Beam® Perks wellness program and a group aggregate Beam score of “A”. Based on Beam® internal brushing and utilization data. Not all Products Available in All States.

³ Beam Perks is a voluntary program. The information provided under this program is for general informational purposes only and is not intended to be nor should be construed as medical advice. You should consult with an appropriate health care professional to determine what may be right for you. Rewards may be taxable. You should consult with an appropriate tax professional to determine if you have any tax obligations from receiving rewards under this program. If any fraudulent activity is detected (e.g., misrepresented brushing activity), you may be suspended and/or terminated from the program. If you are unable to meet a standard related to health factor to receive a reward under this program, you might qualify for an opportunity to receive the reward by different means. Contact us at 1 (800) 648–1179 and we will work with you (and, if necessary, your doctor) to find another way for you to earn the same reward. Availability and rewards may be limited due to incentive limits under applicable law. See https://resources.beam.dental/content/perks-terms-and-conditions for full program Terms and Conditions.