Bestow (Series D)
Funding Details
Awarder
Inbox
Date Award
May 13, 2025
Vertical
Insurtech
Funding URL
View Funding Page
Funding Amount
$120,000,000
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
Market
Life Insurance
Location
Dallas, Texas, United States
Coinvestors
Goldman Sachs, Smith Point Capital
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.

Links
Website
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