Beam partners with more than 100 brands, including Instacart, Roots Canada, and Parade, and 500+ nonprofits to make purchase-driven giving free for consumers while building community and lifting sales for mission-driven brands
Beam Impact , the leading social impact tech company, 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. Index Ventures led the funding round 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). This brings Beam’s total funding to date to $15.4M.
Beam is on a mission to create what loyalty would look like if it were designed for today’s customers in order to shift $10 billion from brands to high-impact nonprofits. For consumers who feel powerless about daunting social issues, particularly Millennials and Get Z, Beam is a way to make a measurable impact every day. For e-commerce brands facing all-time highs in competition and difficulty standing out amid growing greenwashing, Beam’s platform builds community and lifts loyalty with customers over shared values. To take on these issues, Beam will use funds from this round to aggressively 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.
Marketing Technology News: Major League Rugby Signs Historic Partnership with TAPPP to… Beam is on a mission to create what loyalty would look like if it were designed for today’s customers in order to shift $10 billion from brands to high-impact nonprofits.” A New Way to Make an Impact: How Beam Works
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