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Amplify Life raises USD 20 million in Series B to expand product suite
InsurTech: Personal Lines
Jun 17, 2024
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InsurTech: Personal Lines

InsurTech: Personal Lines

Jun 17, 2024

Amplify Life raises USD 20 million in Series B to expand product suite

Funding

  • Amplify Life, a digital life insurance provider, has raised USD 20 million in a Series B funding round co-led by Crosslink Capital and Anthemis. Munich Re Ventures, Moneta Ventures, Evolution Ventures, and Greycroft participated. The company's total funds raised now stand at USD 45.1 million.

  • The new funds will be utilized to expand its suite of products through its digital platform and increase its headcount from 100 to 125, particularly in B2B functions and data infrastructure.

  • In addition, Amplify Life reported that its revenues have increased by 200% annually since its USD 12 million Series A in 2022.

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