Policyme Raises $18M To Scale Its Product Suite And B2B2C Distribution
09/20/22, 10:03 AM
Location
toronto
Money raised
$18 million
Industry
insurance
insurtech
financial services
PolicyMe, the digital-first insurance provider on a mission to deliver simple and affordable insurance for Canadian families, today announces its raise of $18 million CAD in Series A financing. New investors, RGAX, Securian Financial (U.S. parent company of Canadian Premier Life Insurance Company) and SiriusPoint, join existing investors, HCS Capital and Westdale Properties, in the raise. A Tier 1 Canadian bank rounds out the $18 million equity and debt financing which was raised in a series of tranches over the last year.
Company Info
Location
toronto, ontario, canada
Additional Info
PolicyMe is a Canadian digital life insurance solution built to make financial protection for families honest, uncomplicated and affordable. PolicyMe makes it easy to get a quote and apply for term life insurance online in 20 minutes or less. Using technology, they've streamlined the traditional insurance process resulting in a fully-underwritten life insurance policy that delivers the same quality protection customers deserve but with fewer steps and lower costs.