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Modern Life raises $20 million in Series A funding led by Thrive Capital to enhance its AI-powered life insurance platform for advisors.

PRIVATENov 19, 2025

Amount Raised

$20 Million

Round Type

Series A

New YorkFinancial ServicesArtificial IntelligenceFinanceFintechMachine LearningInsurtechInsurance

Investors

New York Life VenturesNorthwestern Mutual Future VenturesAllegisThrive Capital

Description

Modern Life, the AI-powered life insurance brokerage, announced today that it has raised $20 million in Series A funding. The round was led by Thrive Capital, with participation from New York Life Ventures, Northwestern Mutual Future Ventures, and Allegis. This new funding builds on its previous $15 million seed round to fuel further growth and product development. The capital will help expand its strategic partnerships and accelerate the development of its proprietary platform.

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Company Information

Company

Modern Life

Location

New York, New York, United States

About

Modern Life is a leading, AI-powered life insurance brokerage helping financial professionals deliver better outcomes for their clients. Licensed in all 50 states, the company combines advanced technology, AI-driven underwriting, and deep industry expertise to streamline every stage of the insurance process. Advisors can quickly compare quotes from over 30 leading carriers, access expert guidance, receive as soon as instant decisions, and manage cases seamlessly.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Modern Life raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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