It takes “minutes” for contractors to onboard onto Beam and once they are, they can start sending payments immediately, Eagle said. It also facilitates ACH payments directly into its app. San Francisco-based Beam is focused on helping smaller and mid-sized general residential contractors save time - and ultimately money - by giving them a way to “streamline” payments, invoices and receipts in one place. For smaller operations, not having enough funds coming in can be stressful and the process of keeping up with who owes what via spreadsheets and at times using paper checks can be very time-consuming and tedious. Building for (literal) buildersĪ common refrain in the construction industry is that most contractors are forced to complete projects before getting paid, often having to pay for material and labor out of pocket. So when the company set out to raise funds, Accel stepped up to lead the raise, which closed earlier this year. Saper worked with Eagle as his product marketing counterpart when he built out the Stripe billing and invoicing product, seeing firsthand his technical capabilities. Amy Saper, lead investor on the round, helped build and grow Stripe’s product marketing team before joining Accel as a partner in 2019. Before starting Beam in October of 2022, Adam Eagle had spent five and a half years as a software engineer at the fintech company, building core APIs and infrastructure for Stripe billing, invoicing, commerce and payments. For more information please contact us via +31 (0)515 - 487 630.Beam, a five-month-old startup out to more easily help general contractors pay subcontractors and get paid themselves, has raised $4 million in a seed funding round led by Accel.īoth the startup’s founder and lead investor previously spent years working at payments giant Stripe. Several diameters of steel bars are possible, depending on the application. Four steel reinforcement bars are integrated and encased within the plastic during the moulding process. The plastic beams are produced using a unique process developed and patented by Lankhorst. As the top and bottom faces of the plastic beam are rectangular in shape they can be easily connected with the rest of the structure. The unique design of this beam requires less material and therefore this plastic I beam has a lower price. KLP® recycled plastic has an expected technical lifetime of at least 50 years, it does not rot or splinter, it requires no maintenance and it contains no poisonous substances.Īn innovation in steel reinforced beams is our KLP®-S I-Beam. This means that - compared to traditional construction - fewer poles are needed, leading to significant savings on the overall material and construction costs. By using steel-reinforced plastic beams it is possible to construct landing stages and bridges with much larger spans. Plastic beams with steel reinforcement from KLP®-S are typically used for the construction of bridges and landing stages.
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