Bestow Secures $2.5 Million

Insuretech startup Bestow announced the close of $2.5 million in seed financing. Four investors contributed to the round: New Enterprise Associates, Core Innovation Capital, Morpheus Ventures, and 8VC.

Bestow revolutionizes the approach to life insurance and helps people secure financial futures for themselves and their families. The company’s algorithmic underwriting calculates risk without a medical exam in mere minutes, delivering instant decisions. Bestow aims to cut the waste and inefficiency from the old insurance model, allowing users to get premiere coverage without without paying top dollar for it.