Funding Details
- Awarder
- Inbox
- Date Award
- May 13, 2025
- Vertical
- Insurtech
- Funding URL
- View Funding Page
Company Info
- Founding Year
- 2017
- Traction
- Bestow processed over a million applications in its early years and reported a 3x growth in annual recurring revenue in 2024, with a 10x increase over the last two years.
- Organizations Involved
- Nationwide, Transamerica, USAA, Sammons Financial Group, Equitable
- Founders
- Melbourne O’Banion, Jonathan Abelmann
- Company Description
- Bestow is an insurtech company co-founded by Melbourne O’Banion and Jonathan Abelmann in 2017, aiming to simplify the process of obtaining life insurance through a tech-enabled platform. Initially a direct-to-consumer provider, Bestow has pivoted to offering software solutions to other life insurance companies after selling its consumer business.
- Market
- Life Insurance
- Location
-
Dallas,
Texas,
United States
- Coinvestors
- Goldman Sachs, Smith Point Capital
Links