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
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Sectors
Professional & Legal Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Mybeacon Services Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$7.03 M (USD)
in 2 rounds
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Latest Funding Round
$3.19 M (USD), Seed
Mar 28, 2025
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Investors
Jawl Residential
& 4 more
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Employee Count
Employee Count
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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 Total Funding
- Total Rounds 2
- Last Round Seed — $3.2M
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First Round
First Round
(22 May 2024)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2025 | Amount | Seed - Beacon | Valuation |
investors |
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| May, 2024 | Amount | Seed - Beacon | Valuation | Jawl Residential |
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.
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Founded Year | Domain | Location | |
|
WP
Wayne Pommen |
Angel investor and advisor, focused on fintech and tech startups in India.
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Founded Year | Domain | Location |
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AR
Adrian Rocca |
Angel investor, ex-CEO of Fitbit EMEA, active in Indian startups
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Founded Year | Domain | Location |
Investments & Acquisitions by Beacon
Financial Statements - Beacon
Beacon Comparisons
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 year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online legal services are offered to businesses and families.
|
|
| domain | founded_year | HQ Location |
Tech enabled legal services
|
|
| domain | founded_year | HQ Location |
Legal Process Outsourcing services
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|
| domain | founded_year | HQ Location |
Internet first platform offering P2P remittance solutions for consumers
|
|
| domain | founded_year | HQ Location |
Legal forms and lawyer marketplace are provided for enterprises.
|
|
| domain | founded_year | HQ Location |
Tech enabled legal service provider
|
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 22, 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.