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Beam Impact
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Facilitates charitable donations through consumer spending
Beam Impact
Work Here?
Facilitates charitable donations through consumer spending
About Beam Impact
Industries
Fintech
Social Impact
Company Size
11-50
Company Stage
Series A
Total Funding
$14.9M
Headquarters
New York City, New York
Founded
2017
Overview
Beam Impact allows consumers to support charitable causes through their everyday purchases by linking their debit or credit cards to its platform. When users shop at partner brands, a portion of their spending is automatically donated to a nonprofit of their choice at no extra cost. This model helps brands enhance their corporate social responsibility efforts while attracting socially-conscious customers. Beam's goal is to leverage consumer spending to drive charitable donations, benefiting consumers, brands, and nonprofits.
Simplify's Take
What believers are saying
- Beam raised $13.3M in Series A funding to expand its team and capabilities.
- Growing consumer interest in ethical shopping aligns with Beam's mission.
- The rise of Gen Z and Millennials prioritizing social responsibility benefits Beam's business model.
What critics are saying
- Increased competition from platforms like ShoppingGives and GoodCarts.
- Potential reputation damage if partner brands engage in unethical practices.
- Challenges in maintaining data privacy as the platform scales.
What makes Beam Impact unique
- Beam connects consumers with mission-driven brands for impactful shopping experiences.
- The platform allows users to donate to nonprofits at no extra cost.
- Beam's model enhances brand loyalty through corporate social responsibility initiatives.
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Funding
Total Funding
$14.9M
Below
Industry Average
Funded Over
2 Rounds
Industry standards
Benefits
Remote Work Options
Hybrid Work Options
Growth & Insights and Company News
6 month growth
↑ 7%1 year growth
↑ 7%2 year growth
↑ 12%Beam Impact has raised $13.3 million in Series A funding led by Index Ventures and with participation from previous investors Ulu Ventures and HearstLab as well as strategic angels like Brian Long and Andrew Jones (co-founders of Attentive), and Ruchika Julapalli (Head of Product at Everlane).
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, [] The post Beam Impact Raises $13.3M in Series A Funding appeared first on FinSMEs.
NEW YORK (PRWEB) April 14, 2022 Beam Impact, the leading social impact tech company, today announced that it has raised $13.3M in Series A funding to help mission-driven ecommerce brands build st
Beam raises $13.3 for impact-driven loyalty app Beam Impact, the leading social impact tech company, today announced that it has raised $13.3M in Series A funding to help mission-driven ecommerce brands build stronger loyalty by empowering people to make an impact on massive social issues as part of their everyday purchases.
Beam Impact, a company that enables consumers to turn their spending into a way to support social causes, has raised $13.3 million in Series A funding led by Index Ventures. The company’s B2B2C model connects consumers with brands that are supporting social causes and allows them to donate a portion of their purchases to a []
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About Beam Impact
Industries
Fintech
Social Impact
Company Size
11-50
Company Stage
Series A
Total Funding
$14.9M
Headquarters
New York City, New York
Founded
2017
There are no jobs for Beam Impact right now.
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