Introducing Beacon: the AI holding company for Main Street. Today, we’re thrilled to announce that Beacon Software has raised a $250 million Series B led by General Catalyst, Lightspeed, and D1 Capital Partners L.P. , bringing our total funding to $335 million since our founding last year. Founded by Nilam Ganenthiran (former President of Instacart) and Divyahans Gupta (former Partner at Sequoia Capital), Beacon gives mission-critical software and services businesses a permanent home that preserves their legacy and increases the scale of their ambition. Since our founding last year, we have have acquired dozens of software companies and armed them with world-class talent, processes, and technology to help them better serve their Main Street customers, all while preserving the business's independence and identity. Collectively, these businesses serve thousands of enterprise customers, employ hundreds of thousands of people, and support over a million active users – making Beacon one of the fastest-scaling AI holding companies in North America. This round includes participation from BDT & MSD Partners, Chris Rogers (Instacart CEO), Sator Grove Holdings along with Amar Varma (Mantle), Darren F. (Albion River), Eric Glyman and Karim Atiyeh (Ramp), Fidji Simo (OpenAI), Rafael Corrales (Background Capital), Scott Wu (Cognition) and Tony Xu (DoorDash). We are hiring across North America. Check out our Careers page and apply now! Careers: https://lnkd.in/grUB78Gs Press Release: https://lnkd.in/ggKtXRTZ
Beacon Software
Software Development
Toronto, Ontario 3,702 followers
The permanent home to build & grow Main Street software
About us
Beacon is the permanent home for Main Street software and services supporting the real economy. We buy, build, and grow exceptional mission-critical software businesses, preserving their legacy while expanding the scale of their founders’ ambitions. Our model is different. Unlike private equity, we don’t buy to flip. We hold forever, investing in product, customers, and teams for the long term. Founders who join Beacon gain more than capital: they access in-house engineering, AI, design, and fintech expertise, as well as a network spanning Silicon Valley, Wall Street, and Main Street. We simplify the back office, accelerate growth with proven playbooks, and give founders the freedom to focus on what they do best: building great software for their markets. Every company under the Beacon umbrella remains independent, with its own brand and customers, but benefits from shared resources and immediate value creation. Our approach has already helped portfolio companies win major RFPs, modernize technology stacks, and expand market share. Beacon was founded by experienced operators and investors from companies like D1 Capital, Instacart, Sequoia Capital, and Databricks who believe ambitious software deserves a forever home. Our success is measured founder by founder, company by company, and we’re just getting started.
- Website
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https://www.beaconsoftware.com
External link for Beacon Software
- Industry
- Software Development
- Company size
- 11-50 employees
- Headquarters
- Toronto, Ontario
- Type
- Privately Held
- Founded
- 2024
Locations
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Primary
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2 Bloor Street West
Suite 1504
Toronto, Ontario M4W 3E2, CA
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945 Market St
Floor E5
San Francisco, California 94103, US
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205 W 37th St
New York City, New York 10018, US
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Get directions
2 Bloor Street West
Suite 1504
Toronto, Ontario M4W 3E2, CA
Employees at Beacon Software
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Farhan Thawar
Head of Engineering @ Shopify — 66 61 72 68 61 6e 40 73 68 6f 70 69 66 79 2e 63 6f 6d
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Josh Rider
Accelerating the next generation of vertical market software companies
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Laura Chmar
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Nilam Ganenthiran
Founder/CEO - Beacon Software | Prev: President @ Instacart, Partner @ D1 Capital