Amplify Life Insurance, a San Francisco, CA-based digital platform empowering wealth-building by means of everlasting life insurance coverage, raised $20M in Sequence B funding.
The spherical was led by Crosslink Capital and Anthemis. New buyers Moneta Ventures and Evolution Ventures joined the spherical, with continued help from current buyers Greycroft, Munich Re Ventures, and Foxe Capital.
With the brand new funding, the corporate will quickly be launching a set of proprietary merchandise.
Based in 2019, Amplify is a digital everlasting life insurance coverage platform providing clients direct entry to merchandise the place they entry tax-efficient funding returns and acquire lifelong safety. The corporate supplies an AI-enabled instructional journey, product suggestion and quoting, and real-time pre-underwriting to assist clients find out about plans and customise a coverage for his or her wants. Amplify is open to all 50 states and has served 1000’s of consumers.
Moreover, the corporate added two new Board Members: Michelle Cheung, prior CFO of Subsequent Insurance coverage, and Mark Williamson, prior COO of Masterclass.
FinSMEs
21/06/2024
