# Beam

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/beam

- Industry: Software
- Headquarters: Brooklyn, US
- Website: www.bybeam.co
- Total disclosed funding: $8.8M
- Latest round: Series A (Nov 17, 2022)
- Investors on record: 11

## About

Founded in 2016 and based in New York, US, Beam, formerly known as Edquity, Inc., operates as an information technology company that offers SaaS solutions. In February 2026, Nava PBC acquired Beam from Bill and Melinda Gates Foundation, Financial Health Network, Lumina Impact Ventures, NewSchools Venture Fund, Wells Fargo Startup Accelerator, American Family Insurance, ECMC Group, Michelson 20MM Foundation, Omidyar Network, Spring Point Partners, WGU Labs, Financial Solutions Lab, Imaginable Futures, Michelson Runway, Potencia Ventures, and Schmidt Futures. As of 2024, the company is led by its CEO, David Helene.

Beam offers a software platform, which is a cloud-based platform designed to streamline the administration of public benefits and safety net programs. The platform offers a range of tools, including application management, case management, verification, and payment processing. The February 2026 acquisition enables Nava PBC to position its public service delivery platform as an open-source option for agencies.

## Funding rounds

- Series A, Nov 17, 2022, $6.4M — Potencia Ventures, Lumina Impact Ventures, Michelson Runway, Schmidt Futures, Spring Point Partners, Imaginable Futures, American Family Insurance Institute for Corporate and Social Impact
- Seed, Jan 6, 2020, $2.4M — Omidyar Network, Michelson 20MM Foundation, Spring Point Partners, WGU Labs, American Family Insurance Institute for Corporate and Social Impact, ECMC Group

## Investors

- Omidyar Network (https://capitalatlas.ai/funds/omidyar-network) — Seed
- Michelson 20MM Foundation — Seed
- Spring Point Partners — Seed, Series A
- WGU Labs — Seed
- American Family Insurance Institute for Corporate and Social Impact (https://capitalatlas.ai/funds/american-family-insurance-institute-for-corporate-and-social) — Seed, Series A
- ECMC Group (https://capitalatlas.ai/funds/ecmc-group) — Seed
- Potencia Ventures (https://capitalatlas.ai/funds/potencia-ventures) — Series A
- Lumina Impact Ventures (https://capitalatlas.ai/funds/lumina-impact-ventures) — Series A
- Michelson Runway — Series A
- Schmidt Futures — Series A
- Imaginable Futures (https://capitalatlas.ai/funds/imaginable-futures) — Series A