Lewis & Clark Ventures

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Beam announces $80m Series E raise

Beam announced that it has closed an $80 million Series E. The investment comes after rapid growth at the company, a common theme amongst neo-insurance providers. The startup cohort often leans on digital information collection to improve information on consumer behavior. The information allows Beam to incentivize behaviors that lower costs (like brushing), while having more data to inform their risk underwriting activities.