Investment Summary

Mercato Partners Invests In Beam

On March 2, 2021, growth capital firm Mercato Partners invested in insurance company Beam

Investment Highlights
  • This is Mercato Partners’ 1st transaction in the Insurance sector.
  • This is Mercato Partners’ 23rd transaction in the United States.
  • This is Mercato Partners’ 1st transaction in Ohio.

Investment Summary

Date 2021-03-02
Target Beam
Sector Insurance
Investor(s) Mercato Partners
Deal Type Venture

Target

Beam

Columbus, Ohio, United States
Beam is a digital dental benefits provider that incorporates dental hygiene behavior into policy pricing, combining an easy-to-use online insurance platform, AI-powered underwriting, and the connected Beam Toothbrush for better overall wellness. Beam was founded in 2012 and is based in Columbus, Ohio.

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Investor(S) 1

Investor

Mercato Partners

Salt Lake City, Utah, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2007
Size Small
Type Sector Agnostic
DESCRIPTION

Mercato Partners is a private equity firm focused on later stage growth capital financings. Mercato generally targets minority investments in high growth technology and consumer businesses with $5 to $50 million in annual sales. The Firm looks for profitable, US-based companies where additional capital can help continue expansion opportunities. Mercato Partners is based in Salt Lake City, Utah.


DEAL STATS #
Overall 24 of 27
Sector: Insurance M&A 1 of 1
Type: Venture M&A Deals 11 of 14
State: Ohio M&A 1 of 1
Country: United States M&A 23 of 26
Year: 2021 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-10 Venafi

Salt Lake City, Utah, United States

Venafi is a cybersecurity software platform that monitors, protects, and remediates an enterprise’s keys and certificates, which are required for secure communication, commerce, and mobility. Venafi provides its Global 5000 enterprise customers the ability to orchestrate the complete life cycle of all machine identity types, including TLS/SSL and SSH keys, and code-signing certificates. Venafi was founded in 2000 and is based in Salt Lake City, Utah.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-28 Prime Trust

Summerlin, Nevada, United States

Prime Trust is chartered, insured financial institution that as a "Qualified Custodian" provides token and FIAT custody, funds processing, AML/KYC compliance, and transaction technology for the new digital economy. Prime Trust was founded in 2016 and is based in Summerlin, Nevada.

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