SAN FRANCISCO, CA, Ethos today announced it has raised a $200 million Series D investment round.
Ethos, the InsurTech leader that is transforming the life insurance space, today announced it has raised a $200M Series D investment round, boosting its valuation to $2B in just a few years since launch. Revenue and users have each grown by more than 500 percent year-over-year, and the company expects to issue $20 billion of life insurance coverage this year, surpassing all competitors as it achieves its mission to provide life insurance for everyone.
The Series D round was led by General Catalyst. Past investors Sequoia Capital; Accel; GV (formerly Google Ventures); and Jay-Z's Roc Nation also participated, alongside Glade Brook Capital Partners. Ethos is also backed by the investment vehicles of stars Will Smith and Robert Downey Jr. Funding raised to date totals $300M.
Ethos is a new kind of life insurance provider that makes getting coverage easy and accessible for millions of families. Ethos uses deep technology and data science to eliminate traditional barriers to life insurance and bring the industry into the modern age. The company built its technology from the ground up with a focus on creating a seamless customer experience; a mobile-first, online application process that takes minutes instead of weeks, and offering coverage without a medical exam for over 99% of applicants and a few health questions. The result is a life insurance company that puts people first.
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