US on-demand life insurance start-up Bestow raises $2.5m
Dallas-based Bestow has raised $2.5m in seed funding to finalise its on-demand life insurance platform before its launch in the autumn. Bestow's life insurance policies use analytics to allow users to buy and manage coverage as they need it. This removes the need for meetings with agents and medical exams. The round was led by New Enterprise Associates, with participation from Core Innovation Capital, Morpheus Ventures and 8VC.

Bestow, a Dallas, TX-based developer of an on-demand life insurance platform, raised $2.5m in seed funding.

The round was led by New Enterprise Associates with participation from Core Innovation Capital, Morpheus Ventures and 8VC.

The company, which has raised $3.1m in venture capital, intends to use the funds to finalize the platform for launch this fall.

Founded by entrepreneurs Melbourne O’Banion and Jonathan Abelmann, Bestow is advancing a consumer-first life insurance solution, which, driven by analytics and technology, enables users to learn, apply, buy and manage coverage needs on-demand by removing the need for face-to-face interaction, including agent and medical exam requirements.

FinSMEs

29/08/2017