Beam Technologies Raises $5 Million From Drive Capital
LOUISVILLE, Ky., August 8, 2014-- Beam Technologies -- a data-driven oral health startup and creator of the first connected toothbrush -- announced today that it has received $5 million in Series A financing from Drive Capital.
Beam's technology collects data about a user's daily hygiene through its Bluetooth-enabled Beam Brush and displays it on a connected smartphone app. The sensor-outfitted brush measures how often and how long a person brushes, communicating with the mobile app to start a two-minute timer when brushing begins. During that timeframe users can listen to music or watch video clips from other apps while brushing.
"We've been working hard to transform the mundane two-minutes people spend brushing their teeth to create a highly engaging user experience -- so much so that on our first run, the Beam Brush sold out," said Beam Technologies' founder and CEO, Alex Frommeyer.
The company's Series A financing will be used to accelerate product development and expand the team. Beam Technologies will move its headquarters to Columbus, Ohio, while maintaining an office in Louisville, Kentucky.
"We're excited to partner with Beam Technologies and to support their growth," said Ned Schwartz, partner at Drive Capital. "True to form for Midwest entrepreneurs, Alex and his team have created an innovative product that is disrupting a massive market and un-tapping previously inaccessible data to provide better oral care to consumers."
About Beam Technologies
A member of incubator Rock Health's fourth class of startups, Beam leads oral care digital health with the Beam Brush -- a connected toothbrush to allow users to understand, improve and derive value from their daily hygiene routine. For more information, please visit http://beamtoothbrush.com.
About Drive Capital
Drive Capital invests in innovative technology, healthcare and consumer companies in the Midwest. We are looking for innovative entrepreneurs addressing big market opportunities. Our goal is to partner with entrepreneurs that have audacious goals and strive to build large sustainable companies. For more information, please visit http://www.DriveCapital.com.
Taylor Ray Orsbon
Venture Capital Database