The round was led by Kleiner Perkins Caufield and Byers. In conjunction with the funding, Kleiner Perkins’ Lucas Swisher will join Beam’s board of directors.
The company will use the funds to expand its data-driven technology platform nationwide from the 16 states in which it currently operates.
Founded by Alex Frommeyer, Alex Curry, and Dan Dykes in 2012, Beam is a dental and ancillary benefits company that provides a platform consuming and segmenting business data to incorporate dental hygiene behavior into policy pricing.
All of its plans also include Perks, a subscription service with an electric toothbrush, replacements heads, toothpaste, and floss.
The company recently announced a partnership with VSP VisionCare to offer vision plans as a bundle with its core dental product line.
FinSMEs
16/05/2018