Overview
- General Catalyst, Lightspeed Venture Partners and D1 Capital led the round, bringing Beacon’s total financing to $335 million since launch last year.
- Beacon says it is profitable and plans to deploy the new capital to continue acquisitions and expand its central AI platform, which it expects to finance without further fundraising.
- The company targets self-funded, profitable niche software firms serving Main Street sectors, typically under $20 million in annual recurring revenue, acquiring about one every two weeks.
- Describing itself as an anti–private equity model, Beacon emphasizes permanent ownership and founder partnerships with cash-based earn-outs rather than cost-cutting and quick exits.
- An internal acceleration team applies AI to rewrite products, automate functions like accounting and payroll, and speed development across acquired companies.