Beam Impact, a New York-based social impact tech company, raised $13.3M in Series A funding.
The round, which brings Beam’s total funding to date to $15.4M, was led by Index Ventures with participation from Ulu Ventures, HearstLab, Brian Long and Andrew Jones, and Ruchika Julapalli.
The company intends to use the funds to grow its team, expand its network of partners, and deepen its product offering to fully serve brands, nonprofits, and consumers who want to make a difference.
Started by Forbes 30 Under 30 honorees Viveka Hulyalkar and Alex Sadhu, Beam Impact provides a B2B2C platform that lets customers discover mission-driven brands through a free app, and make an impact directly while checking out with its ecommerce integration. Beam pairs partner brands with vetted nonprofits reflecting their values and lets customers choose a nonprofit while checking out, where the brand donates part of their purchase at no extra cost.
The platform provides real-time transparency at every point in the consumer journey into how the customer’s dollars are going towards tangible goals.
Beam has already closed partnerships with more than 100 leading brands, such as Instacart, Roots Canada, and Parade. It has also partnered with over 500 nonprofits in the last year.
FinSMEs
16/04/2022