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Backers included Breyer Capital, Valar Ventures, New Enterprise Associates, Core Innovation Ventures, Morpheus Ventures and Sammons Financial. The company intends to use the funds to launch innovative products, scale platform services, and accelerate growth into new distribution channels and partnerships. Led by Melbourne O’Banion, Co-founder and CEO, and Jonathan Abelmann, Co-Founder and President, Bestow provides a digital life insurance platform to make coverage accessible to people in minutes instead of months. Its full-stack platform will accelerate growth into new insurtech, carrier ...

U.S. Insurtech Bestow Raises $70 Million Through Series C Funding Round   Bestow, a U.S.-based insurtech that delivers algo powered life insurance underwriting, announced on Wednesday it raised $70 million through its Series C funding round from new and existing investors, including Breyer Capital, Valar Ventures, New Enterprise Associates, Core Innovation Ventures, Morpheus Ventures, and Sammons Financial. With the investment, Bestow now has $145 million in total funding. Launched in 2017, Bestow is on a mission to reshape the life insurance industry by building products and software that m...

Growing Dallas life insurance startup Bestow gets a $70 million boost from investors The capital infusion comes only a few weeks after Bestow bought a life insurance carrier licensed in 47 states. Jonathan Abelmann (left) and Melbourne O'Banion are co-founders of Dallas-based life insurance startup Bestow.(JOE SHIPMAN) The new investment brings the company’s total backing to $145 million. Bestow intends to use the money to launch new products, expand its platform and seek new distribution channels and partnerships. The capital comes from new and existing investors, including Breyer Capital,...

Bestow Announces $70 Million in Series C Funding The life insurance innovator readies for product, partner and platform expansion, with $145 million in total funding to date. News provided by Share this article DALLAS, Dec. 16, 2020 /PRNewswire/ --  Bestow, the first full-stack life insurance company, announced today a $70 million Series C funding round to help expand access to life insurance. With $145 million in total funding secured to date, Bestow will launch innovative products, scale platform services, and accelerate growth into new distribution channels and partnerships. This funding ...