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Insurify Secures $100M in Series B financing led by Motive Partners

– Insurify, America’s highest-rated virtual insurance agent and comparison platform, announced it has closed $100M in Series B funding led by Motive Partners.
– The round included participation from existing investors Viola FinTech, MassMutual Ventures, Nationwide, Hearst Ventures, Moneta VC, as well as new investors Viola Growth and Fort Ross Ventures.
– This is the most recent development for the fast-growing company, which has raised a total of $128M to date, has grown its new and recurring revenue by 6x since its Series A funding in Q4 of 2019, and has achieved a CAGR of 151% for the last three years.

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B2B Information Technology Insurance InsurTech Life Insurance North America SaaS Software

Slope Software Raises $2M in Funding

– Slope Software is an insurtech startup based in Atlanta, GA.
– The company raised $2.0m in funding.
– The round was led by Tech Square Ventures, with participation from Alerion Ventures and Charlotte Angel Fund, and existing investor Cofounders Capital.
– The new investment will be used to expand operations and the company’s business reach.

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Finance Financial Services Insurance InsurTech Life Insurance North America

Ethos Raises $100M in Funding

– Ethos, an San Francisco, CA -based life insurtech company, raised an additional $100 in funding.
SoftBank Vision Fund 2 made the investment which brought the valuation of the company to $2.7b and total funds raised to $400m.
– The company intends to use the funds to expand its business reach.

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YuLife Raises $70M in Series B Funding

– YuLife is a tech-driven company that transforms traditional group life insurance into a suite of wellbeing and insurance products, creating a shift in the industry towards a model that simultaneously supports members, insurers and employers.
– The company raised $70m in Series B funding.
– The round was led by Target Global with participation from Eurazeo and Latitude, Creandum, Notion Capital, Anthemis, MMC Ventures, and OurCrowd.
– The new investment will be used to develop new products, expand its UK market penetration, and broaden its reach into the markets.

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Financial Services Insurance Life Insurance North America

Detroit-based Signal Advisors raises $10M Series A led by General Catalyst

– Signal Advisors, a financial platform for financial advisors, raised $10m in Series A funding.
– The round was led by General Catalyst and joined by Ludlow Ventures, Detroit Venture Partners, and others.
– The company plans to use the funding to expand its sales and marketing efforts.
– The company is led by CEO Patrick Kelly.

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