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Bestow Raises $70M in Series C Funding


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 and partner channels in 2021. In addition to sales rising more than 450% year-over-year, the company has recently invested in key growth initiatives, including acquiring a nationally-licensed carrier, launching Protect API™, expanding into fintech and independent agent channels, and hiring over 70 new team members this year. Hires include Chief Distribution Officer Steve Robinson, ....

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U.S. Insurtech Bestow Raises $70 Million Through Series C Funding Round


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 make life insurance accessible to millions of families. It provides APIs enabling partners to offer life insurance to customers with ease. ....

Enterprise Associates , Breyer Capital , Valar Ventures , New Enterprise Associates , Core Innovation Ventures , Morpheus Ventures , நிறுவன கூட்டாளிகள் , ப்ரேயர் மூலதனம் , வலர் முயற்சிகள் , புதியது நிறுவன கூட்டாளிகள் , கோர் கண்டுபிடிப்பு முயற்சிகள் , மார்பியஸ் முயற்சிகள் ,

Growing Dallas life insurance startup Bestow gets a $70 million boost from investors


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, Valar Ventures, New Enterprise Associates, Core Innovation Ventures, Morpheus Ventures and Sammons Financial. ....

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