Overview

Beam provides a platform that helps educational institutions manage emergency aid programs for students facing financial difficulties. The platform simplifies the process of distributing emergency funds by handling application intake, assessing student needs, and ensuring quick disbursement of funds, often within 48 hours. This system is designed to comply with federal regulations, making it easier for schools to support their students effectively. Beam differentiates itself from competitors by focusing specifically on the needs of community colleges and universities, offering detailed reporting features that help institutions maintain compliance with Department of Education requirements. The goal of Beam is to ensure that students in need receive timely financial assistance, thereby improving student retention and success in their educational journeys.

Simplify's Take

What believers are saying

• Growing interest in data analytics aligns with Edquity's robust reporting features.
• Increased focus on mental health support could expand Edquity's service offerings.
• Adoption of mobile-first solutions drives demand for Edquity's seamless mobile experience.

What critics are saying

• Increased competition in EdTech could dilute Edquity's market share.
• Potential federal regulation changes may require costly platform updates.
• Economic downturns may reduce funding for institutions, impacting Edquity's revenue.

What makes Beam unique

• Edquity offers rapid aid disbursement, often within 48 hours, ensuring timely support.
• The platform provides detailed reporting, aiding compliance with Department of Education requirements.
• Edquity's focus on equity ensures aid reaches students with the greatest financial need.

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Funding

Total Funding

$22M

Above

Industry Average

Funded Over

3 Rounds

$6,400,000

Series A

Nov 2022

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.

Series A Funding Comparison

Below Average

Industry standards

Ind Avg. $15M

$3.7M

$5M

$6.4M

$8.2M

$15M

$100M

View all funding stages