beam Raises $5M in Seed Funding

beam Logobeam, a Boston, MA-based new wellness brand offering an innovative line of CBD products, raised $5m in seed funding.

The round was led by Obvious Ventures, with participation from Camwood Capital Group and C2V.

Founded by two former pro-athletes Matt Lombardi (NHL) and Kevin Moran (MLB) in 2018, beam offers pure, 100% THC-free, phytocannabinoid rich CBD products, made from naturally grown hemp in Colorado.

Its current product offerings include their CBD Oil, “The One” ($60-$140), their CBD salve infused with organic lavender and eucalyptus, “The Fixer” ($60) and their new CBD-Powered Protein Bar ($25-$45) available in two flavors: vanilla-coconut and cacao.

beam products are available for retail in all 50 states + purchase online.

The company works through an internal testing process with multiple independent laboratories to ensure their products are free of THC, leads, heavy metals and pesticides. Some of its recent brand ambassadors include fitness professionals Mat Fraser, Brooke Wells, Tia-Clair Toomey, Mikaela Mayer with more big names to be announced soon, as well as lifestyle personalities.




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