Afficiency Scoops Up $7M Series A Round
Summary
NEW YORK, NY, Afficiency, an insurtech transforming the end-to-end life insurance buying process, today announced it has secured $7 million in a Series A investment round. The round was led by IA Capital Group with participation from Impression Ventures, SBLI (The Savings Bank Mutual Life Insurance Company of Massachusetts) and Western & Southern Financial Group. The round was significantly oversubscribed and brings the total raised by Afficiency to $10.2M. Afficiency is an insurtech transforming the end-to-end life insurance buying process and accelerating the time it takes to get applicants approved and covered. Afficiency works with its carrier and reinsurance partners to develop these products and has a growing product catalog spanning categories such as term, whole life, disability, and universal life.