Tech Company Financing Transactions
Amplify Life Insurance Funding Round
Munich Re/ HSB Ventures, Conversion Capital and Crosslink Capital participated in a $25.1 million Series A capital raise for Amplify Life Insurance. The financing was announced on 10/4/2022.
Transaction Overview
Company Name
Announced On
10/4/2022
Transaction Type
Venture Equity
Amount
$25,100,000
Round
Series A
Investors
Proceeds Purpose
The company intends to use the funds to expand the digital life insurance offerings including a mobile application to be launched later this year that will allow customers to manage their life insurance policies and investment portfolios and hire across teams including engineering, product, data science, customer experience, and marketing.
Company Information
Company Status
Private & Independent
Industry
InsureTech
Mailing Address
2111 Lane St 24560
San Francisco, CA 94124-0560
USA
San Francisco, CA 94124-0560
USA
Phone
Website
Email Address
Overview
Amplify offers a clear path towards an abundant future, built by you. Founded in 2019 by industry veterans, Amplify's mission is to help consumers build tax-efficient wealth through their life insurance policies in a simple and streamlined customer experience. Previously, wealth-building life insurance policies were used by the wealthiest 1%. Now, Amplify is offering unique, transparent, and low-cost wealth-building life insurance products to be accessed by everyone.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Hanna Wu
Chief Operating Officer
Qiyun Cai
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Where The Data Comes From
We report on every notable VC transaction. VC investment data records reported here are sourced from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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