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