Participated · Series A · Nov 2022

Previously known as Edquity, Beam operates an end-to-end cash assistance administration system that handles applications, ID verification, case decisions and payments for governments. The platform transmits funds through bank accounts, prepaid cards or online services like Zelle to serve communities equitably. Beam says it has helped process over $180 million to about 300,000 households and currently operates in 16 states with 53 governments. The company reported increased demand for its services following the COVID-19 pandemic. CEO David Helene said the company’s intent is to reduce friction and preserve dignity for applicants. Beam plans to use new funding to expand headcount and further develop its platforms.

Participated · Series A · Jun 2019

ReUp Education partners with universities and community colleges to find, engage, and re-enroll the estimated 36 million Americans who stopped out of college without receiving a degree. The company combines a personalized, tech-driven platform with a diverse team of coaches to help learners return to school; it has engaged more than 150,000 stop-out students and re-enrolled over 16,000. ReUp also aims to serve the roughly 50 percent of adults who need reskilling or additional education to improve economic security or career prospects. With new investment, ReUp plans to expand its products, services, team of coaches, and academic program options to serve adult learners at all stages of past enrollment. The company’s go-forward strategy focuses on removing obstacles to starting or restarting education, delivering personalized experiences aligned to life and work goals, and improving long-term career and educational outcomes. Terah Crews will join as CEO to support this next phase while co-founder Sarah Horn moves into the role of Chief Impact Officer. ReUp Education leverages data, technology, and professional coaching to re-enroll students who have left college and support them through to degree completion. It partners with universities and community colleges to find, engage, and empower stopout and adult learners. The company’s platform includes an Engagement Engine and predictive analytics built on more than 10 million data points, plus NLP and machine-learning tools to monitor coaching quality. ReUp pairs those tools with teams of Success Coaches using a proprietary coaching model; forty percent of coaches are people of color, fifty-five percent are first-generation graduates, and forty-five percent are former stop-outs. Since 2015 the company has helped bring back over 8,000 students, more than 400 re-enrolled students have graduated, and it has recaptured over $18 million in tuition revenue for partners in the past two years. ReUp reports a network of more than thirty partner colleges and says it has helped colleges generate more than $25.8 million in new revenue.