Trinity Capital announced the commitment of $40 million in growth capital to Beam Benefits ("Beam"), a digitally native employee benefits company.

Founded in 2012, Beam began by modernizing dental benefits. Since then, Beam has evolved into a one-stop shop for ancillary benefits, offering dental, vision, life, disability, and supplemental health coverage. Beam delivers employee benefits plans on one simple platform.

"Beam Benefits has changed the way small businesses access and offer valuable ancillary benefits to their employees and their continued success is a reflection of how the Beam platform has resonated with business owners across the country," said Jack McNamara, Director, Tech Lending, at Trinity. "We look forward to our partnership with Beam and supporting their continued growth."

This new growth capital will enable Beam to continue to scale operations and fund growth initiatives.

"We couldn't be more excited about our partnership with Trinity," said Alex Frommeyer, CEO and co-founder of Beam Benefits. "These funds will continue to propel Beam's modernization of employee benefits by building extraordinary tools that empower brokers and partner benefits providers all over the US."