Beam

Beam

Offers a first of its kind college financial planning app for high school and college students. Learn more

Financials

Estimates*

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Revenues, earnings & profits over time
USD20192020202120222023
Revenues1.1m3.1m4.0m4.0m4.0m
% growth-177 %29 %--
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DateInvestorsAmountRound
-

N/A

-

$20.0k

Seed

N/A

Grant

$500k

Seed

$2.4m

Seed

$125k

Seed
N/A

$2.6m

Early VC
N/A

$2.0m

Seed
N/A

$8.6m

Valuation: $28.6m

Early VC
*

$6.4m

Valuation: $43.0m

Series A
Total Funding$22.6m

Recent News about Beam

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More about Beam
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Edquity is a forward-thinking startup that provides a comprehensive platform designed to manage emergency aid programs for educational institutions. The company primarily serves community colleges, universities, and other educational entities that aim to support students facing financial hardships. Edquity operates in the education technology (EdTech) market, focusing on financial aid and student retention.

The core of Edquity's business model revolves around its technology-driven platform, which streamlines the entire process of emergency aid distribution. This includes application intake, decision-making based on need and equity, rapid fund disbursement, and detailed reporting. The platform ensures that students with the greatest financial need receive aid quickly, often within 48 hours, and in a manner that complies with federal regulations.

Edquity makes money by partnering with educational institutions and possibly government bodies, charging them for the use of its platform. These fees cover the technology and services provided, including the robust reporting features that help institutions stay compliant with Department of Education requirements.

In summary, Edquity offers a vital service that not only helps students stay in school by providing timely financial aid but also assists educational institutions in managing these programs efficiently and compliantly.

Keywords: EdTech, emergency aid, financial aid, student retention, compliance, equity, community colleges, universities, rapid disbursement, reporting.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.

Investments by Beam

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BridgeEdU
ACQUISITION by Beam Jun 2019