Bestow Raises $2.5M in Seed Funding

Bestow, a Dallas, TX-based developer of an on-demand life insurance platform, raised $2.5m in seed funding.

The round was led by New Enterprise Associates with participation from Core Innovation Capital, Morpheus Ventures and 8VC.

The company, which has raised $3.1m in venture capital, intends to use the funds to finalize the platform for launch this fall.

Founded by entrepreneurs Melbourne O’Banion and Jonathan Abelmann, Bestow is advancing a consumer-first life insurance solution, which, driven by analytics and technology, enables users to learn, apply, buy and manage coverage needs on-demand by removing the need for face-to-face interaction, including agent and medical exam requirements.



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