Ladder, a Palo Alto, Calif.-based provider of instant life insurance, raised $30M in Series B financing.
The round was led by RRE Ventures, with participation from Thomvest Ventures, as well as existing investors Canaan Partners, Lightspeed Venture Partners and Nyca Partners.
The company intends to use the funds to continue to develop its platform capabilities and expand its marketing initiatives nationwide.
Led by Jamie Hale, CEO and co-founder, Ladder provides a digital-first life insurance product to serve today’s financially savvy consumer. The company launched its solution in California on January 10, 2017, and has since expanded to nearly every state across the country.
It recently announced it will also make its digital life insurance offering available to partners via the Ladder API.