Beam Dental, a digital-first dental insurer that rewards its members for good dental hygiene, today announced it has raised $80 million in an oversubscribed Series E fundraise. The round was led by Mercato Partners' growth equity fund, Traverse, with participation from new and existing investors, including Drive Capital, Georgian, Nationwide, and Breakout Capital. The round brings Beam's total funding to over $160 million.

Beam Dental is a digital-first dental benefits provider that incorporates dental hygiene behavior into policy pricing, combining an easy-to-use online insurance platform, AI-powered underwriting, and the connected Beam Toothbrush for better overall wellness. Beam has raised over $160 million in venture capital funding and is the only digital-first company within the $75 billion dental insurance industry. Beam also offers vision insurance, powered by VSP, and group term life coverage for employers of all sizes in partnership with Nationwide Insurance. Beam is available in 41 states around the U.S. and is accepted at over 400,000 access points nationwide.