What is Bestow?
Bestow operates as a leading life insurance technology company, serving as both a direct-to-consumer platform and an infrastructure provider for businesses. The company specializes in delivering instant life insurance solutions across various channels and for companies of all sizes. With a mission to enhance financial security for a broader population, Bestow focuses on creating superior products and customer experiences. Its business model is designed to streamline the often complex process of obtaining life insurance, making it more accessible and efficient.
How much funding has Bestow raised?
Bestow has raised a total of $258.7M across 6 funding rounds:
Debt
$600K
Angel/Seed
$3.1M
Series A
$15M
Series B
$50M
Series C
$70M
Series D
$120M
Debt (2016): $600K, investors not publicly disclosed
Angel/Seed (2017): $3.1M led by Morpheus, Core Innovation Capital, 8VC, and New Enterprise Associates
Series A (2018): $15M supported by Valar Ventures, New Enterprise Associates, 8VC, Morpheus, and Core Innovation Capital
Series B (2020): $50M featuring Valar Ventures, Core Innovation Capital, and New Enterprise Associates
Series C (2020): $70M backed by Valar Ventures, New Enterprise Associates, and Core Innovation Capital
Series D (2025): $120M with participation from TriplePoint Capital, Smith Point Capital, and GOLDMAN SACHS GROUP
Key Investors in Bestow
Valar Ventures
Valar Ventures is an investment firm focused on high-margin, fast-growing financial technology companies globally, seeking out exceptionally focused teams with large ambitions.
Core Innovation Capital
Core Innovation Capital is a fintech venture capital firm that invests in early-stage technology businesses aimed at unlocking wealth and health for the mass market.
New Enterprise Associates
New Enterprise Associates (NEA) is a venture capital firm focused on helping entrepreneurs build businesses, established in 1977.
What's next for Bestow?
The recent major strategic investment in Bestow signals a pivotal phase for the company, likely indicating a move towards scaling operations, enhancing technological capabilities, and potentially expanding its market reach. As a company that has consistently raised substantial capital, Bestow is positioned to further solidify its leadership in the insurtech industry. Future developments may include strategic partnerships, product diversification, and continued investment in its proprietary technology to maintain a competitive edge and drive financial security solutions for a wider audience.
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