Bestow Inc., a Dallas, TX-based insurance technology company, raised $120M in Series D funding.
The round was led by Growth Equity at Goldman Sachs Alternatives and Smith Point Capital. In addition to the equity financing, Bestow also secured a $50M credit facility from TriplePoint Capital.
The company intends to use the funds to accelerate the development of new products and services and help accelerate the expansion of its platform.
Led by CEO Melbourne O’Banion, Bestow provides an end-to-end platform for life insurers to drive efficiency, reduce costs, and enhance profitability across the entire value chain. From product development and advanced underwriting to policy administration, its solutions enable carriers to deliver products and experiences to agents and customers.
The company partners with industry leaders, including Nationwide, Transamerica, USAA, Sammons Financial Groups, among others.
FinSMEs
13/05/2025