What does Bestow Inc. do?
Bestow Inc. provides an end-to-end digital platform for life insurers, enhancing efficiency through advanced underwriting, policy administration, and cost reduction.
How much did they raise?
The company raised $120M in its Series D round, led by Growth Equity at Goldman Sachs Alternatives and Smith Point Capital, with additional participation from TriplePoint Capital via a $50M credit facility.
What are their plans for the money?
With the new capital, Bestow plans to accelerate the development of new products and services and expand its platform, potentially transforming operational efficiencies for life insurers.
What have they achieved so far?
The firm has already demonstrated success by partnering with industry leaders such as Nationwide, Transamerica, USAA, and Sammons Financial Groups.
