Bestow Raises $15 Million in Series A Financing

By a News Reporter-Staff News Editor at Insurance Weekly News -- Bestow Inc., the company expanding insurability and democratizing access to consumer life insurance, announced it closed $15 million in Series A funding, led by Valar Ventures, with participation from existing investors New Enterprise Associates (NEA), Core Innovation Capital, 8VC, and Morpheus Ventures. This closing brings Bestow's total financing to more than $18 million to-date.

Today, less than 44% of households have individual life insurance, yet 85% of consumers recognize the need for it. Bestow focuses on activating this consumer demand with a full stack approach that introduces consumers to modern life insurance products that can give millions of uncovered Americans affordable coverage, all delivered in a fully digital experience. Powered by a proprietary algorithmic underwriting engine, Bestow leverages predictive analytics to instantly determine risk and give consumers immediate access to comprehensive life insurance solutions, without any of the traditional challenges of working with an agent, lengthy applications, or medical exams.

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