Beam Benefits raises $17.5 million

This article was originally written by Shefi Ben-Hutta and published on coverager.com

Columbus, OH, August 7, 2025 — Columbus-based Beam Benefits has raised $17.5 million as part of a $24 million equity offering, according to a recent Form D filing with the SEC. The filing lists five investors.

Founded in 2012, Beam has raised over $248 million from investors including Drive Capital, Kleiner Perkins, Georgian, and Nationwide.

In 2023, Beam expanded its insurance footprint through partnerships with Nationwide and The Hartford. It now offers dental and vision products underwritten by Nationwide in select states and represents Nationwide Life. In addition, Beam added The Hartford’s group income protection to its portfolio, offering it to clients alongside Beam’s dental and vision plans.

According to LinkedIn data, Beam employs approximately 219 people, reflecting a 4% decline in headcount over the past six months.

Beam is led by CEO Tolithia Kornweibel, who was appointed effective October 31, 2024, succeeding co-founder Alex Frommeyer, who remains on the board of directors.