Nationwide Insurance has backed a series E round for Beam that increased the dental insurer’s total funding to $160m.

US-based digital dental insurance provider Beam Dental has secured $80m in a series E round that included insurer Nationwide Insurance.

Traverse, a fund managed by growth equity firm Mercato Partners, led the round investing together with business finance provider Breakout Capital and venture capital firms Drive Capital and Georgian.

Founded in 2012, Beam provides dental insurance products through a digital platform that uses artificial intelligence technology for its underwriting. The company also offers a smart toothbrush that connects to an…

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