Ethos Gains $35 Million in Series B Financing
Ethical life insurance company Ethos raised $35 million in a Series B financing round led by Accel, a leading early and growth-stage venture capital firm. Additional participating investors included Google Ventures (GV), previous investors Sequoia Capital and Arrive (a subsidiary of Roc Nation), and a debt facility from Silicon Valley Bank. Accel partner Nate Niparko will join the Ethos board of directors and GV General Partner Tyson Clark will become an advisor to the company’s board.
Ethos strives to simplify and modernize life insurance through its proprietary technology to better serve American families. According to the company, its revenue, customers, and applications grew by 400 percent in 2018.