Beam, a New York-based supplier of an end-to-end platform that streamlines equitable public profit administration, raised $6.4M in Series A funding.
The spherical was led by Potencia Ventures, with participation from Spring Point Partners, American Family Insurance Institute for Corporate and Social Impact, Imaginable Futures, Lumina Impact Ventures, Michelson Runway, and Schmidt Futures.
The firm intends to make use of the funds to increase its progress record of presidency companions and construct out its expertise staff to develop instruments that assist native companies get essential assets to communities shortly and equitably.
Led by CEO David Helene, Beam offers a platform that helps governments administer a variety of packages, from rental aid and public utility advantages to emergency money help, with software program that streamlines purposes, aids decisioning and processing, facilitates funds, and streamlines compliance, reporting, and case administration in a single system.
Beam now offers digital infrastructure for 53 governments, increased training establishments, nonprofits, and philanthropic companions throughout 16 states and the District of Columbia.