

Beam Impact

At Beam, we’re on a mission to shift $10B from brands to nonprofits by creating what loyalty would look like if it were designed for today’s customers. In the last year, we’ve funded 7M+ meals for food-insecure communities, the prevention of 2M+ lbs of CO2, and more. Across our network of 130+ mission-driven brands like Instacart, Roots Canada, and Parade, we let you make ~1% of every purchase go to a high-impact nonprofit you choose from a curated set reflecting what the brand stands for–at no extra cost. As customers see how their dollars are going towards goals, like funding the removal of 10K lbs of plastic from the ocean, Beam builds emotional buy-in. We lift cart completion rate by 17%, average order value by 15% and convert 30% more customers to make a second purchase within 90 days–building higher value relationships than flash sales, especially with millennials and Gen Z. Our work to help people turn their spending power into tangible impact every day has been recognized by TechCrunch, Forbes 30 Under 30 for Social Impact, SXSW, Cannes Lions, and more.
Founding Year
2017
Headquarters
New York
,
United States
Sector(s)
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Funding State
Pre-Seed
Seed
Series A
Series B+
Exited
Total Funding Amount
$15.42M
Funds that Investested
Ulu Ventures
Early-stage investments in enterprise cloud and smart data companies.
Pre-Seed
Seed
Series A
Series B+
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Index Ventures
Fund based in London, San Francisco and Geneva, helping entrepreneurs turn bold ideas into transformative international businesses. Index covers every investment stage, from earliest seed through to explosive growth.
Pre-Seed
Seed
Series A
Series B+
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Able Partners
Aims to support passionate entrepreneurs building visionary brands in positive living that will make the daily lives of consumers healthier, happier and more meaningful
Pre-Seed
Seed
Series A
Series B+
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Investors that Investested
Rex Woodbury
Partner, Index Ventures
Rex focuses on early-stage and growth investments in consumer technology businesses. He’s particularly interested in online communication, Gen Z, commerce, marketplaces, and the future of work. Prior to Index, Rex worked at Airtable, a no-code platform letting anyone create with software. Previously, Rex was an investor at TPG Growth and The Rise Fund, TPG’s global growth equity and social impact funds, where he oversaw the launch of TPG’s impact measurement tool at the World Economic Forum. He has run creator marketing for Calm and worked on social innovation policy for the California Governor’s Office. Rex was a Knight-Hennessy Scholar at Stanford University, where he received a graduate degree in business, and graduated summa cum laude and Phi Beta Kappa from Dartmouth College with a B.A. in Economics. Rex writes Digital Native, a weekly blog about consumer technology.
Pre-Seed
Seed
Series A
Series B+
Clint Korver
Co-Founder and Managing Director, Ulu Ventures
"Entrepreneur, Investor, Teacher, Learner"
Pre-Seed
Seed
Series A
Series B+
Miriam Rivera
CEO, Co-Founder, and Managing Director, Ulu Ventures
Proven leader in business, law, technology, and venture capital from startup founder to VP at F500 Google to Ulu Ventures CEO, Co-founder and Managing Director. "Make or Break the Company" deal experience; negotiated $10B+in commercial partnerships. Re-engineered Google's sales closing process to allow 50% of transactions to close in one day; 80% in 3 days.
Pre-Seed
Seed
Series A
Series B+
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