The $2 trillion U.S. construction industry is primarily composed of small and midsized contractors who predominantly manage their finances manually through spreadsheets, email threads, and paper checks. Even larger firms that hire full-time accountants or use legacy accounting software find their process highly inefficient, lacking cross-team collaboration and financial integrations expected in modern software. These gaps make it harder for builders to stay organized, meet their profit targets, and maintain a healthy cash flow.
This is why we built Beam. Most contractors are buried in paperwork, leaving little opportunity to proactively manage their business. Beam automates and centralizes the full sales & financial workflow—estimating, invoicing, change orders, bill payments, expense management, lien waivers—in a single application, giving builders real-time visibility without a dedicated finance department or painstaking manual reconciliation. And with our embedded financial services, including a high-yield cash management account and the Beam Visa card, users can earn rewards on their everyday expenses. Already, hundreds of builders across residential and commercial construction trust Beam to reduce expenses, get paid faster, and grow confidently.
Today, Beam is processing hundreds of millions in payments and will manage billions of dollars of projects in 2025. Following 15x revenue growth in 2024, we’re thrilled to announce our $11M Series A led by Zigg Capital with participation from Accel, Teamworthy, RXR, 20Sales, and several angel investors.
With this additional capital, Beam will continue to unify important workflows in construction management and finance—AI-powered sales tools enhancing proposals, improved collaboration between general contractors and subcontractors, and additional integrations with industry software. We’re expanding our engineering, product, and go-to-market teams (see open roles) to help more contractors around the U.S.
For our customers, Beam’s impact is immediate and tangible. Exact Builders, a custom homebuilder in the Bay Area, now has visibility into critical project finances and cash flow they couldn’t have imagined, while reducing delays and overhead in daily operations. Tal Sagi, President of Exact Builders shared, “Before using Beam, I spent hours each week manually processing invoices and payments without strong tracking or controls. Now, with Beam, I can see exactly where each project stands in a fraction of the time, pay subcontractors with just a few clicks, and eliminate the risk of inaccurate payments or missing lien waivers”.
Small and midsized construction companies today face countless financial challenges caused by rising interest rates, tighter lending, persistent labor shortages, and more. By empowering builders with better sales & financial tools, Beam allows contractors to do what they do best: build exceptional homes and infrastructure.
