Ladder

Ladder —. Californian insurancestartup He is developing an automated life insurance system, which, according to the company, offers "flexible coverage in a matter of minutes." The platform artificial intelligence Big Data with and helps customers choose and issue a life insurance policy. The amount of coverage reaches $8 million.

History

2021: Raising $100 million

In November 2021, it became known about the investment of $100 million in Ladder. The venture capital company Thomvest Ventures and the OMERS Growth Equity fund invested the most in the startup. The Fort Ross Late Stage Fund also participated in the Series B funding round. Transaction parameters are not disclosed.

Ladder will use the funds received to develop new insurance products, strengthen the brand, as well as increase the number of staff. What is the state of the startup by November 2021 is not specified.

Fort Ross Ventures invests in California-based online life insurance platform Ladder

According to its own data, the startup managed to increase revenue for 2020 by more than 4 times. By the end of 2021, Ladder plans to issue $30 billion in LadderLife insurance policies. Ladder's revenue is projected to reach $100 million by the end of 2022.

According to Bloomberg sources, according to the results of the $100 million financing round, the company was valued by investors at $900 million.

In a conversation with the publication, Ladder co-founder and CEO Jamie Hale noted that the company released the first policies through an insurance operator, making it the first fully digital life insurer.

We can modernize each of the life insurance products to meet the needs of the modern consumer, "Hale said, adding that his company is on the" right track, "given its popularity among customers and high growth rates.[1]

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