SoftBank’s Vision Fund 2 has invested at a $2.7bn valuation, taking the Stanford-backed life insurance platform developer’s overall funding to over $400m.
Ethos Technologies, a US-based digital life insurance provider backed by Stanford University, has secured $100m in funding from internet and telecommunications group SoftBank’s Vision Fund 2 at a valuation of $2.7bn.
Founded in 2016, Ethos operates an insurance online platform that uses machine learning and data science technologies to increase the addressable market for life insurance.
The company’s technology is intended to break down barriers that prevent customers from purchasing life insurance, and is capable of underwriting a policy in minutes with no medical exams or complex paperwork.
This round brings the company’s overall funding to more than $400m. It raised $200m in a May 2021 series D round backed by entertainment agency Roc Nation and GV, a subsidiary of internet and technology group Alphabet, valuing it at $2bn.
The round was led by General Catalyst and included venture capital firms Sequoia Capital and Accel,…
