Ethos, an San Francisco, CA -based life insurtech company, raised an additional $100 in funding.
SoftBank Vision Fund 2 made the investment which brought the valuation of the company to $2.7 billion and total funds raised to $400m.
The company intends to use the funds to expand its business reach.
Led by Peter Colis, CEO and Co-Founder, Ethos is a life insurance provider that uses technology and data science to provide an improved customer experience; a mobile-first, online application process that takes minutes and offer coverage without a medical exam for over 99% of applicants and a few health questions.
The company, which also has offices in Austin and Singapore, offers its products in 49 states and expects to issue $20 billion of life insurance coverage in 2021.