The Beam
Latest round
- Series A
Last raised
- Nov 2006
Total raised
- $5M
Investors
- 1
About The Beam
The Beam Inc.The Beam Inc. operates a competitive fitness platform that allows users to participate in challenges for cash prizes. Founded by Robin D, the company is headquartered in Cambridge, US.The Beam offers a competitive platform known as The Beam 50, where participants can engage in challenges for a chance to win cash prizes, notably a USD 10,000 reward. This core offering is designed to facilitate engagement among users while promoting healthy competition in various fitness-related activities. The platform serves a diverse customer base, including fitness enthusiasts and competitive individuals seeking to enhance their performance while potentially earning rewards. By providing a user-friendly interface, The Beam caters to both individual participants and teams, enabling them to track their progress and achievements. Transactions primarily occur through entry fees associated with competitions, which provide users with the opportunity to compete for cash prizes. Clients are charged a fee to participate in The Beam 50 challenges, fostering a direct-to-consumer relationship that enhances user investment in the platform. The company also explores partnerships with fitness influencers and brands, thereby expanding its reach and engagement.The Beam Inc.17 million from November 2006 to enhance its platform and develop new features aimed at increasing user engagement. The company aims to expand into additional markets in Europe and North America, specifically targeting regions with rising interest in fitness competitions. Future product offerings are currently being designed, though specific release dates have not been disclosed.
Who invested in The Beam
1 investor across 1 round
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Funding rounds
Series A
Nov 9, 2006
Amount
$5M
Investors
Questions about The Beam
Who invested in The Beam?
The Beam has 1 investor on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has The Beam raised?
The Beam has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did The Beam last raise money?
The Beam's most recent round on record is a Series A, in Nov 2006.
What does The Beam do?
The Beam is a outsourcing company.
Where is The Beam headquartered?
The Beam is headquartered in Cambridge, US.
Which VCs invest in companies like The Beam?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back outsourcing companies at The Beam's stage. Their profiles are linked below.
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