About Beam
Beam is a company based in Tel Aviv (Israel) founded in 2017. It operates as a Blockchain-as-a-Service, and Two-Sided Marketplace. Beam has raised $2 million across 2 funding rounds from investors including Altonomy, Collider and Lionschain Capital. Beam offers products and services including Beam Wallet, Confidential DEX, and Confidential Assets. Beam operates in a competitive market with competitors including Bitcoin, Dash, Sentz, Zcash Electric Coin Company and Litecoin Project, among others.
- Headquarter Tel Aviv, Israel
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Beamx Dao
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2 M (USD)
in 2 rounds
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Latest Funding Round
$2 M (USD), Series A
May 20, 2021
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Investors
Altonomy
& 11 more
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Employee Count
Employee Count
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Products & Services of Beam
Beam offers a comprehensive portfolio of products and services, including Beam Wallet, Confidential DEX, and Confidential Assets. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
A wallet for confidential DeFi and asset transactions.
A platform for confidential trades and atomic swaps.
Assets transacted privately on Beam's blockchain network.
Funding Insights of Beam
Beam has successfully raised a total of $2M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $2 million completed in May 2021. 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 Series A — $2.0M
- First Round First Round
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2021 | Amount | Series A - Beam | Valuation |
investors |
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| Feb, 2019 | Amount | Seed - Beam | Valuation | Recruit Strategic Partners |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Beam
Beam has secured backing from 12 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Altonomy, Collider and Lionschain Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Collider is engaged in backing crypto and Web3 startups.
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Founded Year | Domain | Location | |
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Fund-of-funds investments are managed in the green data economy.
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Founded Year | Domain | Location | |
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Corporate-backed venture capital firm focused on fintech, Edtech, and multiple sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Beam
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Beam
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Beam Comparisons
Competitors of Beam
Beam 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 Bitcoin, Dash, Sentz, Zcash Electric Coin Company and Litecoin Project, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Payments are facilitated via decentralized peer-to-peer cryptocurrency.
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| domain | founded_year | HQ Location |
Dash is recognized as a digital cash cryptocurrency solution.
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| domain | founded_year | HQ Location |
Cross-border remittances are enabled for individuals and businesses worldwide.
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| domain | founded_year | HQ Location |
Privacy-focused cryptocurrency transactions are enabled by Zcash Electric Coin Company.
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| domain | founded_year | HQ Location |
Litecoin operates as an open-source peer-to-peer digital currency network.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Beam
Frequently Asked Questions about Beam
When was Beam founded?
Beam was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Where is Beam located?
Beam is headquartered in Tel Aviv, Israel.
Is Beam a funded company?
Beam is a funded company, having raised a total of $2M across 2 funding rounds to date.
What does Beam do?
Beam is established as a top Mimblewimble Layer 1 privacy blockchain, ensuring complete transaction confidentiality. It is utilized for confidential DeFi, supporting private stablecoins, NFTs, AMMs, and future innovations like lending and sidechains. Solutions are provided for asset bridging, trading, and smart contract execution through Beams Virtual Machine. The platform serves the cryptocurrency and DeFi sectors with a focus on user privacy and exceptional user experience through mobile and desktop wallets.
What products or services does Beam offer?
Beam offers Beam Wallet, Confidential DEX, and Confidential Assets.
Who are Beam's investors?
Beam has 12 investors. Key investors include Altonomy, Collider, Lionschain Capital, Alternity capital, and Youbi Capital.
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