What is Beam Mobile?
Beam Mobile, formerly Edquity, is a mission-driven technology firm that provides a comprehensive cloud platform designed for the delivery of public programs. The platform leverages AI-powered workflows and a no-code interface to enable organizations to efficiently launch and manage complex aid programs, including emergency financial assistance, housing utilities, and scholarships. Beam's technology significantly reduces the time required compared to legacy systems. The company has a proven track record, having supported over 350,000 individuals and facilitated the distribution of more than $375 million in benefits across 39 states. Its capabilities include smart eligibility verification, automated document review, and flexible payment systems, all while adhering to stringent security standards such as SOC 2 Type II and NIST 800-53 compliance.
How much funding has Beam Mobile raised?
Beam Mobile has raised a total of $6.4M across 1 funding round:
Series A
$6.4M
Series A (2022): $6.4M, investors not publicly disclosed
What's next for Beam Mobile?
Following its acquisition by NavaPBC, a public benefit corporation, Beam Mobile is poised to further its mission of transforming the digital social safety net. This strategic integration aims to amplify the impact of Beam's technology within a larger organizational framework dedicated to public good. The enterprise-level funding previously secured by Beam Mobile indicates a strong foundation for scaling its operations and technological advancements under NavaPBC's stewardship, suggesting a future focused on broader reach and enhanced service delivery within government and nonprofit sectors.
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