What is Betterfly?
Based in Santiago, Chile, Betterfly operates within the insurtech and financial services landscape, specializing in the provision of life insurance policy management solutions. The company aims to modernize and streamline the often complex processes associated with life insurance, making it more accessible and efficient for both providers and consumers. Its focus on technology-driven solutions positions it as a key player in the digital transformation of the insurance industry.
How much funding has Betterfly raised?
Betterfly has raised a total of $202.5M across 3 funding rounds:
Series A
$17.5M
Series B
$60M
Series C
$125M
Series A (2020): $17.5M with participation from QED Investors
Series B (2021): $60M led by QED Investors, DST Global Solutions, and Valor Capital Group
Series C (2022): $125M supported by Glade Brook Capital and Greycroft Partners
Key Investors in Betterfly
Glade Brook Capital
Glade Brook Capital is a global growth equity firm that focuses on building high conviction, concentrated positions in leading private technology companies, utilizing a global perspective and deep network in technology.
Greycroft Partners
Greycroft is a leading venture capital firm focused on investments in the Internet and mobile markets, leveraging an extensive network of media and technology industry connections to help entrepreneurs build successful businesses.
QED Investors
QED Investors is a global leading boutique venture capital firm focused on investing in early stage, disruptive financial services companies, dedicated to building great businesses through a hands-on approach.
What's next for Betterfly?
With the recent influx of major strategic investment, Betterfly is poised for accelerated growth and market penetration. The company is likely to leverage this capital to enhance its platform capabilities, expand its service offerings, and potentially broaden its geographical reach. Strategic partnerships and further technological development will be crucial as Betterfly continues to solidify its position in the competitive insurtech market, aiming to redefine the life insurance policy management experience.
See full Betterfly company page
