Amplify Life Insurance, a San Francisco, CA-based digital platform empowering wealth-building through permanent life insurance, raised $20M in Series B funding.
The round was led by Crosslink Capital and Anthemis. New investors Moneta Ventures and Evolution Ventures joined the round, with continued support from existing investors Greycroft, Munich Re Ventures, and Foxe Capital.
With the new funding, the company will soon be launching a suite of proprietary products.
Founded in 2019, Amplify is a digital permanent life insurance platform offering customers direct access to products where they access tax-efficient investment returns and obtain lifelong protection. The company provides an AI-enabled educational journey, product recommendation and quoting, and real-time pre-underwriting to help customers learn about plans and customize a policy for their needs. Amplify is open to all 50 states and has served thousands of customers.
Additionally, the company added two new Board Members: Michelle Cheung, prior CFO of Next Insurance, and Mark Williamson, prior COO of Masterclass.
FinSMEs
21/06/2024