Bestow Raises $120MM to Accelerate Insurance Infrastructure Transformation

We’re excited to announce our $120 million Series D funding round, led by Goldman Sachs and Smith Point Capital. 

Bestow’s mission has always been to increase financial stability for consumers. Now through enterprise partnerships, we’re making life insurance more accessible to millions of families at a faster rate than ever before. 

As we look to the future, Bestow aims to become the category-leading platform for the life insurance industry, delivering transformative products across the value chain.

To achieve our ambitious goals, we will use this capital to broaden and enhance our platform capabilities, while rapidly expanding our support of all life and annuity products. This creates growth opportunities across our team as we scale to meet the challenge. If you are as excited as we are to build and empower industry giants, check out our open roles. 

The journey to transforming an $8 trillion industry

Building a next generation platform had to be done “in the arena”, as a market participant solving problems and developing solutions. We started with simple products and invested deeply into our technology and functionality.  

That platform became our edge. It has allowed us to launch insurance products rapidly, optimize those products in real time, delight customers, proactively stay compliant without slowing down, and ultimately create enormous leverage for underwriters, actuaries, and business leaders. 

We soon realized Bestow’s real opportunity wasn’t in being a modern carrier. It was helping every carrier to become one. So we made a major shift. We decided to dedicate ourselves fully to offering carriers a flexible, scalable SaaS platform built for the unique complexities of this industry. 

To date, we’ve helped top carriers like Nationwide, Transamerica, and USAA launch new products on our cloud-native, end-to-end technology platform. The results are clear. Carriers that operate on Bestow’s platform achieve their business goals – growth, operating leverage, profitability, intelligence – with unprecedented success. 

What’s next?

This $120 million will allow us to expand our product offering, invest in R&D, and expand the ways we support new and existing carriers. 

New products

By expanding our teams and capacity, we are moving faster toward launching additional permanent products, including IUL this year. Annuities launch in 2026. 

R&D

A primary differentiator is that carriers view Bestow as an evolving, not static, technology platform. Our roadmap solves for not only what the market wants today, but what it will demand for years to come. 

New partners

We’ll scale our go-to-market footprint to accelerate onboarding and scaling carriers with dedicated teams forming long-term partnerships.  

Join us

We are building the digital infrastructure of the life insurance industry. If the next few years are anything like the first few, it’s going to be challenging and incredibly rewarding.