YuLife, a London, United Kingdom – based tech-driven insurance company, raised $120M (~£95M) in Series C funding.
The round, which brought total funding to $206M since the company was founded in 2016, was led by Dai-ichi Life Insurance Company (TSE: 8750) with participation from some undisclosed existing investors.
The company will use the capital to broaden its reach into new global markets and scale its product range, delivering financial products that improve lives and reward wellbeing.
Led by Sammy Rubin, CEO and Founder, YuLife is a tech-driven insurance company harnessing technology and the latest behavioural science to provide an insurance model that focuses on risk prevention, not just claims compensation. The company rewards employees for healthy living, supporting mental, physical and financial wellbeing helping foster healthier, and more motivated teams.
YuLife now covers >500k policyholders across small to large businesses, with over $50bn (~£40bn) of cover in place.
FinSMEs
07/07/2022