Dallas based digital life insurance platform raised $70m in Series C funding from investors including Breyer Capital, Valar Ventures, New Enterprise Associates, Core Innovation Ventures, Morpheus Ventures and Sammons Financial.
“Our vision we had when founding, is that a dislocation exists in the consumer demand for life, but yet they don’t go purchase it,” said O’Banion. “That metric of being first-time purchasers is something we track closely and is indicative of us finding new distribution channels to sell into new cohorts.”