Amplify Life Insurance, a budding InsurTech firm, recently announced a successful closure of its Series B funding round, amassing a significant $20m.
This financial injection was co-led by Crosslink Capital and Anthemis, with additional contributions from Munich Re Ventures, Moneta Ventures, Evolution Ventures, and Greycroft, according to a report from Coverager.
Established in 2019 and based in San Francisco, Amplify Life Insurance is a comprehensive life insurance platform that provides term, permanent and cash value life insurance. One of its products is the variable universal life policy, which gives customers the chance to grow tax-efficient wealth along with life insurance protection.
With the fresh capital, Amplify Life plans to bolster its workforce, aiming to increase its headcount from 100 to approximately 125.
Keep up with all the latest FinTech news here.
Copyright © 2024 FinTech Global
