About Beacon
Beacon is a company based in Toronto (Canada) founded in 2023 by Stu Szabo and Aditya Mhatre. Beacon has raised $7.03 million across 2 funding rounds from investors including Jawl Residential, Wayne Pommen and Adrian Rocca. Beacon operates in a competitive market with competitors including Rocket Lawyer, Epiq, UnitedLex, VESTI and LawPath, among others.
- Headquarter Toronto, Canada
- Founders Stu Szabo, Aditya Mhatre
- SectorsProfessional & Legal Services
- Website mybeacon.ca
- Social LinkedIn Facebook
- Legal Name Mybeacon Services Inc.
- Total Equity Funding$7.03M (USD)
in 2 rounds
- Latest Funding Round$3.19M (USD), Seed
Mar 2025
- InvestorsJawl Residential
& 4 more
Funding Insights of Beacon
Beacon has successfully raised a total of $7.03M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $3.19 million completed in March 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $7.03M
- Total Rounds 2
- Last Round Seed — $3.19M
- First Round $3.85M
(May 2024)
- Investors Count 5
All 2 funding rounds of Beacon with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2025 | $3.19M | Seed | – | – | – |
| May 2024 | $3.85M | Seed | – | Jawl Residential |
5 investors in total: 2 institutional and 3 angel.
Investors in Beacon
Beacon has secured backing from 5 investors, including angel and venture fund investors. Prominent investors backing the company include Jawl Residential, Wayne Pommen and Adrian Rocca.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Insurance solutions are provided by MS Transverse globally. | – | mstransverse.com | Warren, United States | |
WP Wayne Pommen | Angel investor and advisor, focused on fintech and tech startups in India. | – | unknown_a8620c424eb242689 | - |
AR Adrian Rocca | Angel investor, ex-CEO of Fitbit EMEA, active in Indian startups | – | unknown_55fe981a7cf1407da | - |
JM Jonathan McCain | Indian angel investor focusing on early-stage tech startups. | – | unknown_e742018563ad48cf8 | - |
Family-owned company building residential communities in Victoria, BC. | 2015 | jawlresidential.com | Victoria, Canada |
Investor details for Beacon
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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- Investor portfolios
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People of Beacon
2 people are tracked at Beacon (2 in leadership).
| Name | Role | Group |
|---|---|---|
Stu Szabo | Co-Founder & CEO | Leadership |
Aditya Mhatre | Co-Founder | Leadership |
Complete people profiles for Beacon
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Beacon
3 dated milestones of Beacon across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Beacon is founded.
- Funding First funding round of $3.8M.
- Funding Latest funding round, Seed, of $3.2M.
Competitors of Beacon
Beacon operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Rocket Lawyer, Epiq, UnitedLex, VESTI and LawPath, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| rocketlawyer.com | 2008 | San Francisco, United States | $288.44M | 233 | Online legal services are offered to businesses and families. | |
| epiqglobal.com | 1988 | Wan Chai, China | – | – | Tech enabled legal services | |
| unitedlex.com | 2006 | Overland Park, United States | $6M | 304 | Legal Process Outsourcing services | |
| wevesti.com | 2020 | Lagos, Nigeria | $500,000 | – | Internet first platform offering P2P remittance solutions for consumers | |
| lawpath.com.au | 2013 | Sydney, Australia | $24.24M | – | Legal forms and lawyer marketplace are provided for enterprises. | |
| lawhive.co.uk | 2020 | London, United Kingdom | $54.29M | – | Tech enabled legal service provider | |
| zolvit.com | 2011 | Chennai, India | $15.36M | 1 | Platform offering business incorporation solutions | |
| canpr.io | 2022 | Toronto, Canada | – | – | Tech-enabled immigration services are streamlined via an online platform. | |
| onlinelegalindia.com | 2019 | Kolkata, India | – | 269 | Offers comprehensive legal advice and services through an online platform. |
Detailed competitors of Beacon
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Beacon
The website of Beacon (mybeacon.ca) receives about 11.3K visits a month.
- Monthly visits11.3K
▼ 32.3% vs previous month
Websites whose visitors overlap most with Beacon. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
nextstoptoronto.com | nextstoptoronto.com | 100% | – | #14,756,327 | – |
albertaonestop.ca | albertaonestop.ca | 88% | – | #3,875,367 | – |
ontariolandlords.org | ontariolandlords.org | 86% | – | – | – |
Latest news on Beacon
Complete news archive for Beacon
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Beacon
10 companies that operate in the same segment as Beacon (Legal Tech), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud and AI-based electronic signatures and contract management are provided. | 2003 | San Francisco, California, United States | USD 520 M | USD 3.22 B | 6,840 | |
Legal practice management software is provided for law firm operations. | 2007 | Burnaby, British Columbia, Canada | USD 1.79 B | – | – | |
AI-powered software for contract drafting and management is provided. | 2017 | India | USD 112.95 M | USD 2.43 M | 162 | |
Contract lifecycle management software is developed using AI-powered intelligence. | 2016 | San Carlos, California, United States | USD 154.69 M | – | – | |
AI-powered ediscovery platform streamlines investigations and workflows. | 2012 | Houston, Texas, United States | USD 194.03 M | USD 156.85 M | 561 | |
AI-powered software for legal contract management is utilized. | 2012 | Lehi, Utah, United States | USD 170.95 M | – | – | |
Cloud-based legal management and data services are provided for businesses. | 2008 | Toronto, Ontario, Canada | – | USD 7.63 B | 26,400 | |
AI-driven legal research platform for attorneys is operated. | 2013 | San Francisco, California, United States | USD 67.83 M | – | – | |
Online legal services are offered to businesses and families. | 2008 | San Francisco, California, United States | USD 288.44 M | – | – | |
SaaS-driven property management software for owners and residential property managers | 2006 | Santa Barbara, California, United States | USD 30 M | USD 950.82 M | 1,630 |
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Frequently Asked Questions about Beacon
Beacon was founded in 2023 and raised its 1st funding round 1 year after it was founded.
Beacon is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Stu Szabo is the current CEO of Beacon. They have also founded this company.
Beacon is a funded company, having raised a total of $7.03M across 2 funding rounds to date. The company's 1st funding round was a Seed of $3.85M, raised on May 2024.
Beacon was founded in 2023 in Toronto, Canada, within the tech-enabled immigration sector. Services are offered to support individuals in managing relocation processes, including guides and resources for permanent residents, temporary workers, and international students. Financial solutions are also provided to address immigrant needs. Operations focus on tools that streamline immigration-related tasks across various categories.
Beacon's top competitors include Rocket Lawyer, VESTI and LawPath.
Beacon has 5 investors. Key investors include Jawl Residential, Wayne Pommen, Adrian Rocca, Jonathan McCain, and MS Transverse.
Beacon operates through Mybeacon Services Inc..