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Overview
Fabric Technologies, Inc. provides an online platform that helps families manage long-term financial and legal needs. It lets parents apply for affordable term life insurance in about 10 minutes (underwritten by Vantis Life), create free wills, and organize important financial documents in one place. The service combines insurance, will creation, and family-finance organization in a single, easy-to-use platform, with affordability and speed and strong security measures like 256-bit encryption, two-factor authentication, and biometric protection. Its goal is to help families protect their future by making financial and legal planning simpler, safer, and more affordable.
About Fabric
Industries
Consumer Software
Fintech
Financial Services
Legal
Company Size
51-200
Company Stage
Series B
Total Funding
$30.5M
Headquarters
New York City, New York
Founded
2015
Simplify's Take
What believers are saying
- Western & Southern acquisition integrates Fabric into 60,000-family user base.
- Gerber Life rebrand leverages 50-year trusted name for millions of families.
- App adds kids' investing alongside insurance, boosting family tool adoption.
What critics are saying
- Gerber Life rebrand erases Fabric's digital identity, confusing customers now.
- Ethos captures young families with superior whole life and estate options.
- Vantis Life rate hikes raise premiums, repelling price-sensitive parents.
What makes Fabric unique
- Fabric integrates term life insurance, free wills, and financial vault in one platform.
- 10-minute no-exam applications issued by Vantis Life serve parents efficiently.
- 256-bit encryption and biometrics secure family financial data comprehensively.
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Funding
Total Funding
$30.5M
Below
Industry Average
Funded Over
3 Rounds
Bessemer Venture PartnersIndustry standards
Benefits
Remote Work Options
Paid Vacation
Health Insurance
Dental Insurance
Vision Insurance
Wellness Program
Mental Health Support
401(k) Retirement Plan
Stock Options
Company Equity
Conference Attendance Budget
Professional Development Budget
Family Planning Benefits
Fertility Treatment Support
Adoption Assistance
Parental Leave
Childcare Support
Phone/Internet Stipend
Home Office Stipend
Relocation Assistance
Employee Discounts
Gym Membership
Meal Benefits
Paid Holidays
Paid Sick Leave
Flexible Work Hours
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↓ -1%2 year growth
↑ 1%Western & Southern Financial Group has completed the acquisition of Fabric Technologies Inc. and its subsidiary, Fabric Insurance Agency LLC, which provide a fully digital life insurance platform and mobile app that is serving over 60,000 families and has placed billions of dollars in life insurance coverage.
Fabric is Hiring for 2 Jobs on Simplify!
Find jobs on Simplify and start your career today
About Fabric
Industries
Consumer Software
Fintech
Financial Services
Legal
Company Size
51-200
Company Stage
Series B
Total Funding
$30.5M
Headquarters
New York City, New York
Founded
2015
Fabric is Hiring for 2 Jobs on Simplify!
Find jobs on Simplify and start your career today