Beam Benefits, the digitally-native employee benefits company, today announced its ranking (No. 808) on the 2022 Inc. 5000, a list of the nation’s fastest-growing private companies.
This is the first year that Beam has been recognized on Inc.’s most prestigious fastest-growing companies list. It was also recognized by Inc. this year as one of its fastest-growing companies in the Midwest, and in 2021 as one of its Best Workplaces.
The announcement reflects a period of record growth over the past three years, when Beam doubled its member base and revenue, grew to nearly 400 employees, and raised $80 million in Series E funding. In June 2022, the company announced the addition of voluntary life, accident and hospital indemnity products to its benefits portfolio, making Beam a one-stop-shop for ancillary benefits.
“Today’s employees want benefits that are easy to use and understand, and employers are taking note,” said Alex Frommeyer, co-founder and CEO of Beam Benefits. “Our spot on the Inc. 5000 is a testament to our staff who helped get us here, Beam’s emphasis on sustainable growth, and the larger role that employee benefits play as companies rethink their cultures to attract and retain talent in a hyper competitive labor market.”
Beam Benefits is best-known for modernizing dental insurance with a first-of-its-kind connected toothbrush, which allows companies to potentially earn lower insurance rates based on their members’ dental hygiene. Through its Beam Perks program, members can also earn rewards for simply brushing their teeth – and redeem those rewards for toothpaste, floss, brush replacement heads, and more.
Now, thousands of employers across the country look to Beam Benefits to make their employees’ lives healthier, happier, and more financially sound. Beam quickly and efficiently delivers in-demand benefits and can provide customized quotes for small and large groups in seconds. Beam is on-track for another record year and expects revenue growth near 70% in 2022.
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