InsurTech Leader Ethos Secures $200 Million Investment Round; Valuation Exceeds $2 Billion
Summary
SAN FRANCISCO, May 11, 2021 /PRNewswire/ -- 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. Its technology advantage breaks down barriers that have long inhibited customers from purchasing life insurance, including underwriting with no medical exams, blood tests or complex paperwork. "Ethos offers a completely modern experience that finally brings the life insurance market online, and the company is growing very quickly as a result." "Weve been inspired by Ethos mission since we first partnered with Peter and Lingke at the seed, and we are thrilled to continue working with them and the team to make life insurance more accessible." With offices in San Francisco, Palo Alto, New York City, and Boston, the firm has helped support the growth of businesses such as: Airbnb, Deliveroo, Guild, Gusto, Hubspot, Illumio, Lemonade, Livongo, Oscar, Snap, Stripe, and Warby Parker.