Columbus insurance tech company raises $5M

Story excerpt provided by Columbus Business First.

Written by Carrie Ghose.

A Columbus technology company with a complex business model combining a consumer hardware product with insurance benefits (Beam Technologies Inc.) has raised $5 million from a single investor, according to a regulatory filing.

The raise follows a dramatic improvement in the company’s prospects: In early 2016 it let go two-thirds of its staff because of a delay in getting licensed as an insurer.

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Originally published June 26, 2017.