Beam
Crowdfunding platform for homeless employment and housing.
- B2B
- manufacturing
- commission
- robotics
- transportation
- vehicle production
- artificial intelligence
- hardware
- deep tech
- machine learning
- dt and ls
- sustainable development goals
- climate tech
- core ai
- ai applications
- industrial technology
- bluetech
- blue economy
- industrial robotics
- nif defense security and resilience
- dual-use tech
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- blue renewable energy
- nif awareness and decision making
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- sea and subsea robots
- marine energy
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor investor | €0.0 | round |
| investor | €0.0 | round | |
| investor investor investor investor | €0.0 | round | |
| N/A | €0.0 | round | |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
* | £15.2m | Series B | |
| Total Funding | 000k | ||
| GBP | 2016 | 2017 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | - | 274 % | - | - | 70 % | 45 % | (1 %) |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | 75 % | 1 % | - | (26 %) | (57 %) | - | - |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | 56 % | (4 %) | - | (37 %) | (64 %) | (41 %) | - |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| R&D % of revenue | - | 72 % | - | - | - | - | - |
Source: Company filings or news article
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Beam is a social enterprise that operates a crowdfunding platform to help homeless individuals, refugees, and prison-leavers secure stable employment and housing. Founded in 2017 by Alex Stephany and Seb Barker, the company partners with government bodies and charities who refer individuals to the platform. The inspiration for Beam came from Stephany's experience getting to know a homeless man at his local tube station and wanting to create a more sustainable way to help than giving small change. Stephany, who previously served as CEO of JustPark, and Barker, who has a background in homeless outreach and the NHS, combined their expertise to launch the platform.
The business model centers on creating individual online fundraising campaigns for each person referred to Beam. Donations from the public fund specific needs that are financial barriers to employment or housing, such as job training, professional qualifications, childcare, travel costs, or a rental deposit. The platform also facilitates messages of encouragement from donors, adding a layer of social support. Beam's revenue is generated through contracts with local authorities and government partners, who pay the company for delivering positive outcomes for residents at a lower cost than traditional welfare. The company measures its success by social metrics, such as the number of people who find jobs and homes.
Each person on the platform works with a dedicated Beam caseworker to create a personalized plan. This support specialist assists with choosing a career, finding training, preparing for interviews, and then securing work. Beam has also developed a software tool called Magic Notes, which uses AI to help social workers and caseworkers reduce administrative tasks by drafting paperwork from recorded conversations.
Keywords: crowdfunding, social enterprise, homelessness, employment support, workforce development, housing support, tech for good, social impact, community funding, casework, job training, refugee support, prison-leaver support, social innovation, government partnerships, public-private partnership, impact business, AI for social work, financial inclusion, career transition
