Beam Secures $11M Series A to Transform Construction Finance and Empower Contractors

This funding isn't just a milestone for Beam-it represents a significant step forward for the construction industry, helping to address long standing financial inefficiencies that have challenged builders.

The $2 trillion U.S. construction sector is made up largely of small and mid sized contractors, most of whom still manage their finances manually - using spreadsheets, email chains, and paper checks. Even larger firms that hire full-time accountants or rely on legacy accounting software struggle with inefficiency, disconnected workflows, and a lack of real-time collaboration. These outdated systems make it harder for builders to stay organized, hit profit targets, and maintain steady cash flow, especially as project complexity grows.

Beam changes that.

Beam automates and centralizes the entire sales and financial workflow-including estimating, invoicing, change orders, bill payments, expense management, and lien waivers-so builders can operate with the efficiency of billion-dollar firms, without the overhead. The platform also includes embedded financial services, such as a high-yield bank account and the Beam Visa card, enabling contractors to earn rewards on everyday expenses and optimize cash flow.

"Most contractors are buried in paperwork, leaving little time to proactively manage their profitability," said Beam founder and CEO Adam Eagle. "We built Beam to take financial stress off their plates - so they can focus on what they do best: building homes, infrastructure, and businesses that keep our communities thriving."

Beam has grown rapidly in the past year, processing hundreds of millions in payments and helping thousands of builders reduce expenses, get paid faster, and scale with confidence. Following 15x revenue growth in 2024, the company is on track to manage billions of dollars in projects in 2025.

As the construction industry faces mounting challenges, financial efficiency has never been more important. The U.S. is short more than 4 million homes, and small and midsized builders play a critical role in closing that gap. Yet, delays in financing and cash flow disruptions can slow housing development and critical infrastructure projects. Beam helps contractors streamline invoicing and payments, reducing financial roadblocks so projects stay on track.

Disaster recovery and large-scale infrastructure projects add another layer of financial complexity, with contractors navigating intricate payment workflows, compliance requirements, and multi-party invoicing. Beam simplifies these processes, helping builders cut through red tape and keep projects moving - whether they're rebuilding communities after natural disasters or managing federally funded infrastructure improvements.

For contractors like Exact Builders, a custom homebuilder in the Bay Area, Beam has made an immediate difference. "Before Beam, I spent hours manually processing invoices and payments without a clear way to track project finances," said Tal Sagi, President of Exact Builders. "Now, I can see exactly where each project stands in seconds, pay subcontractors with just a few clicks, and eliminate inaccurate payments or missing lien waivers. It's a game-changer."

Adam Eagle, Beam's founder and CEO, is an MIT graduate and former software engineer at Stripe, where he built Stripe's first billing and accounting products. His deep technical expertise - combined with an understanding of the unique challenges contractors face - led him to launch Beam, with the goal of creating a financial ecosystem designed specifically for builders.

With this new funding, Beam plans to continue expanding its platform by introducing AI-powered sales tools to improve proposals, contractor - client collaboration, integrating with more industry software to unify financial workflows, and growing its engineering and go-to-market teams to reach more builders across the country.

Small and midsized contractors face increasing financial pressures - rising interest rates, tighter lending, labor shortages - but Beam is leveling the playing field. By automating critical financial tasks and giving builders the tools they need to thrive, Beam is redefining construction finance and helping build the homes, infrastructure, and businesses that power America.

More information is available at https://www.trybeam.com.