Bestow

Bestow

Digital platform for life insurance solutions

About Bestow

Simplify's Rating
Why Bestow is rated
A
Rated B on Competitive Edge
Rated A+ on Growth Potential
Rated A on Differentiation

Industries

Data & Analytics

Fintech

Company Size

201-500

Company Stage

Series D

Total Funding

$307.5M

Headquarters

Dallas, Texas

Founded

2017

Overview

Bestow provides a digital platform for purchasing life insurance, focusing on making the process quick and easy for individuals. The platform uses advanced underwriting technology to streamline the application process, allowing most applicants to receive an instant decision. Bestow's software solutions manage the entire insurance lifecycle, which helps reduce costs and enables the company to quickly introduce new products. Additionally, Bestow employs a sophisticated modeling engine to enhance customer data for better audience segmentation and marketing optimization. This data-driven approach allows for more efficient cross-selling and product routing. With coverage starting at $11 per month, Bestow has garnered positive customer feedback, achieving an excellent rating and an A+ from the Better Business Bureau, reflecting high customer satisfaction and trust.

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Simplify's Take

What believers are saying

  • Bestow raised $120M in Series D funding for product development and platform expansion.
  • The company is expanding into the annuities market to diversify revenue streams.
  • Bestow's A+ BBB rating indicates high customer satisfaction and trustworthiness.

What critics are saying

  • Increased competition from insurtech firms like Lemonade could impact Bestow's market share.
  • Continuous platform updates may strain Bestow's financial resources.
  • Regulatory scrutiny on data privacy could increase compliance costs for Bestow.

What makes Bestow unique

  • Bestow offers a digital platform simplifying life insurance purchase processes.
  • The company uses advanced underwriting technology for expedited insurance applications.
  • Bestow's data solutions enhance customer segmentation and marketing optimization.

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Funding

Total Funding

$307.5M

Above

Industry Average

Funded Over

6 Rounds

Notable Investors:
Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Debt Funding Comparison
Coming Soon

Benefits

Competitive salary

Equity

Annual bonus based on company and individual performance

Flexible PTO plan

Medical, dental, & vision insurance

Paid parental leave

Annual lifestyle spending account

Flexible work-from-home policy

Learning & development opportunities

Growth & Insights and Company News

Headcount

6 month growth

↑ 4%

1 year growth

↓ -8%

2 year growth

↓ -3%
InsurTech News
Jul 4th, 2025
Bestow raises $120M in Series D

Bestow, a Dallas-based insurtech firm, has secured $120 million in series D funding to improve its software and introduce new underwriting capabilities. The funding round was co-led by Goldman Sachs Alternatives’ Growth Equity and Smith Point Capital, with participation from existing investors.

Crunchbase
May 16th, 2025
The Week's Biggest Funding Rounds: Pathos, Addepar Top Busy Week For Health And Fintech

(tied) Bestow, $120M, life insurance: Dallas-based Bestow, a provider of life insurance software for carriers, raised $70 million in a Series D financing led by Goldman Sachs Alternatives and Smith Point Capital, as well as $50 million in debt financing from TriplePoint Capital.

Dallas Innovates
May 13th, 2025
Dallas Insurance Innovator Bestow Closes $120M Series D Fundraising Round

Dallas-based insurance technology company Bestow Inc. has closed a $120 million oversubscribed Series D funding round, including primary and secondary investments.

Finsmes
May 13th, 2025
Bestow Raises $120M in Series D Funding

In addition to the equity financing, Bestow also secured a $50M credit facility from TriplePoint Capital.

MarketScreener
May 13th, 2025
Bestow Secures $120M Series D Funding

Bestow Inc., an insurance technology company, closed a $120 million oversubscribed Series D funding round, co-led by Growth Equity at Goldman Sachs Alternatives and Smith Point Capital. Additionally, Bestow secured a $50 million credit facility from TriplePoint Capital. The funds will support product development and platform expansion in the life and annuities space. Ashwin Gupta from Goldman Sachs will join Bestow's board. The company has achieved significant growth and expects continued exponential expansion.

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