Toronto-based AI holding company Beacon Software has raised $250 million in a Series B funding round led by General Catalyst, Lightspeed Venture Partners and D1 Capital, bringing its total funding to $335 million.
In a news release, Beacon said the new funding will support the expansion of its network of software and service companies and the growth of internal teams to advance product innovation.
Founded in 2024, Beacon operates a shared platform that provides technology, design, fintech and go-to-market capabilities to help entrepreneurs grow vertical software businesses. The company reports acquiring and partnering with several software and services firms and serving thousands of enterprise clients across industries.
