NEW YORK, NY, Dayforward, a digital life insurance company built for modern families, announced today its acquisition of Commercial Travelers Life Insurance Company, a storied insurance carrier founded in 1883. The acquisition coincides with launching Dayforward's innovative life insurance solution in most of the country, with continued national expansion throughout 2023.

The company also announced a $25M round of funding led by AXA Venture Partners, with participation from existing investors including HSCM Ventures, Juxtapose, and Munich Re Ventures.

The company's latest funding round brings the company's aggregate amount of capital raised to $45M.