Beam Benefits today announced that it raised $40 million, bringing the company's total funding to over $200 million and increasing its valuation by 25% since the company's Series E raise in early 2021.

The round was led by existing investor Georgian, with broad sponsorship from a combination of new, existing, and strategic partner investors.

Beam Benefits is a digitally-led employee benefits company that offers dental, vision, life, disability, and supplemental health coverage. The company simplifies and modernizes the $100+ billion ancillary benefits industry through its intuitive online platform, self-service tools, AI-powered underwriting, and thoughtful coverage for improved overall wellness. Its Beam Perks program offers incentives to members and rewards them for healthy behaviors. Beam has raised over $200 million in funding and is available in 44 states across the U.S.