Divya Gupta is a co-founder of Beacon Software. Nilam Ganenthiran, who was president of Instacart, is the co-founder and CEO.
Beacon was founded in January 2024. It acquires profitable vertical software companies, then adds engineers, shared services and AI, and plans to keep them for good rather than sell them on.
In November 2025 Beacon raised a $250m Series B from General Catalyst, Lightspeed Venture Partners and D1 Capital at a valuation of about $1bn. It was buying roughly one company every two weeks.
In 2026 it raised a $225m Series C led by General Catalyst, with HarbourVest and Intrepid Growth Partners. It has acquired more than 30 businesses. Beacon is privately held.