About Beam Impact
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. The goal of Beam Impact is to leverage consumer spending to drive charitable donations, benefiting consumers, brands, and nonprofits.
New York City, New YorkHeadquarters
2017Year Founded
$14.5MTotal Funding
SERIES_ACompany Stage
Fintech, Social ImpactIndustries
11-50Employees
Benefits
Remote Work Options
Hybrid Work Options
Risks
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.
Differentiation
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.
Upsides
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.
Funding
Total raised$14.49 M
Latest valuation$66.50 M
StageSERIES_A
$13
$66.50 MSEED
10/31/2018$1
$5.50 M