{"id":1354,"date":"2021-10-04T06:00:00","date_gmt":"2021-10-04T06:00:00","guid":{"rendered":"https:\/\/ladderlife.com/blog\/?p=1354"},"modified":"2021-10-05T22:09:00","modified_gmt":"2021-10-05T22:09:00","slug":"ladder-series-d","status":"publish","type":"post","link":"https:\/\/ladderlife.com/blog\/2021\/10\/04\/ladder-series-d\/","title":{"rendered":"Ladder Raises $100M in Series D Financing, Becomes First Digital Life Insurance Company"},"content":{"rendered":"\n

Insurtech leader outpaces competitors by becoming first full-stack, digital life insurance company in operation.<\/p><\/blockquote>\n\n\n\n

Palo Alto, CA. (October 4, 2021) <\/strong>Ladder<\/a>, which offers flexible life insurance in minutes, is announcing a $100M Series D round to continue building the digital life insurance company of tomorrow. Today\u2019s financing follows strong growth from the technology company, which more than quadrupled revenue last year and plans to issue $30B in LadderLife\u2122 coverage by year end.<\/p>\n\n\n\n

Ladder is also announcing that it has become the first fully digital life insurance company in operation<\/strong>, after issuing its first policies through Ladder Life Insurance Company. Since 2017, Ladder has rebuilt every step of the life insurance stack, enabling key innovations across acquisition, product design, user experience, underwriting, instant issue, and policy administration. The addition of its fully operational carrier makes Ladder the first 100% vertically integrated life insurtech, built on a proprietary technology platform and powered by ever-compounding machine learning models.<\/p>\n\n\n\n

The $100M financing round was led by Thomvest Ventures<\/a> and OMERS Growth Equity<\/a>. It will be used to fuel Ladder\u2019s innovative approach to making life insurance as accessible, affordable, and beloved as it should be \u2014 as well as growing the Ladder team, which has plans to more than double next year. <\/p>\n\n\n\n

\u201cI know first hand how life insurance can change a life,\u201d said Jamie Hale, CEO and Co-Founder at Ladder. \u201cWith our carrier in operation and this new round of funding, we are in the position to greatly accelerate innovation in service of families and communities. I am so excited to see our original vision continue to materialize.\u201d <\/p>\n\n\n\n

\u201cThe world is only becoming more digital, not less, and the life insurance industry to-date has been slow to modernize,\u201d said Don Butler, Managing Director, Thomvest Ventures. \u201cWe are excited to invest in Ladder\u2019s vision to build the digital life insurance company of tomorrow, and their announcement today that they are the first in operation shows that they are outpacing the industry.\u201d<\/p>\n\n\n\n

\u201cJamie Hale and his visionary management team are building Ladder into an innovative, market-leading digital life insurance company,\u201d said Saar Pikar, Managing Director and fintech lead, OMERS Growth Equity. \u201cWe are very pleased to count Ladder as OMERS Growth Equity\u2019s first direct fintech investment \u2013 as well as our entry in the insurtech space, expanding on the insurtech presence established by our OMERS Ventures colleagues. We believe that the company offers a truly transformative approach, including through its efficient adjudication of risk and enhanced user experience,\u201d he added.<\/p>\n\n\n\n

About Ladder<\/strong><\/p>\n\n\n\n

Ladder is the digital life insurance company of tomorrow. Offering flexible term coverage in minutes that can save policyholders up to 40%, Ladder uses an all-digital architecture and real-time underwriting to make life insurance as accessible, affordable, and beloved as it should be. The company is headquartered in Palo Alto, CA and offers coverage up to $8M in all 50 states. To learn more, visit ladderlife.com<\/a>.<\/p>\n\n\n\n

<\/p>\n\n\n\n

About Thomvest Ventures<\/strong><\/p>\n\n\n\n

Thomvest Ventures is a cross-stage venture capital fund backed by Peter Thomson. The firm is focused on financial technology & proptech, cybersecurity & cloud infrastructure, and sales & marketing technology. Thomvest Ventures has been investing in entrepreneurs for more than 25 years through its offices in Silicon Valley and Toronto. The firm is committed to helping our companies become leaders in their fields through our partnership and our focus on understanding where value can be created in these industries. To learn more, visit Thomvest.com<\/a>.<\/p>\n\n\n\n

<\/p>\n\n\n\n

About OMERS Growth Equity<\/strong><\/p>\n\n\n\n

OMERS Growth Equity invests in high-growth companies backed by exceptional teams. OMERS Growth Equity is a long-term investor, focused on supporting companies to pursue all types of growth opportunities. These growth opportunities could include scaling operations, making acquisitions, expanding product lines, or entering new markets. To learn more, visit: https:\/\/www.omersprivateequity.com\/GrowthEquity<\/a>, or follow us on Twitter<\/a> or LinkedIn<\/a>.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Financial Technology Partners (\u201cFT Partners\u201d) served as exclusive advisor to Ladder and its Board of Directors.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Ladder Insurance Services, LLC (CA license # OK22568; AR license # 3000140372) distributes term life insurance products issued by multiple insurers \u2013 for further details see ladderlife.com.  All insurance products are governed by the terms set forth in the applicable insurance policy.  Each insurer has financial responsibility for its own products.<\/em><\/p>\n\n\n\n

Savings in premium compared with the same customer maintaining their full coverage amount for the policy term. Savings attained by decreasing coverage every three years over the policy\u2019s full term on a $1.4M, 20 year policy. Prices valid as of June 15, 2021.<\/em><\/p>\n\n\n\n

Media Contact<\/strong><\/p>\n\n\n\n

Liana Corwin, Director of Communications<\/p>\n\n\n\n

media@ladderlife.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

adder, which offers flexible life insurance in minutes, is announcing a $100M Series D round to continue building the digital life insurance company of tomorrow. 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