Plum Life Secures $5.3 Million In Seed Round To Accelerate Growth Of Its Agent-Only Digital Life Insurance Platform

Mar 02, 2022•over 3 years ago

Amount Raised

$5.3 Million

Round Type

seed

Warren

Description

Plum Life Inc announced today it closed a $5.3 Million seed round led by ManchesterStory with additional participation from MTech Capital, Sonostar Ventures and other investors. This round of funding will position Plum Life to build upon its initial success attracting new Insurance Agents to its best-in-class digital life insurance sales platform. The company will make several key hires, continue to enhance the platform and drive sales through targeted advisor outreach.

Company Information

Company

Plum Life

Location

Warren, North Carolina, United States

About

Plum Life is on a mission to create the ideal life insurance experience where the confidence of working with an advisor and the ease and convenience of buying online meet in one place. At its core, Plum Life is a Life Insurance technology company. The company offers an agent-only digital experience designed to simplify the entire process of selling life insurance from quoting to application to issue. Designed especially for the life insurance industry, Plum Life’s integrated platform combines the capabilities of a modern technology company and the personal attention and service of an advisor. Founded in 2020, and based in Warren, New Jersey, the company leverages its proprietary technology platform fueled by Machine Learning, behavioral science, AI and Swiss Re's Magnum. Learn more at www.helloplum.com

Plum Life Secures $5.3 Million In Seed Round To Accelerate Growth Of Its Agent-Only Digital Life Insurance Platform

Description

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Company Information