Fundz

Policyme Raises $18M To Scale Its Product Suite And B2B2C Distribution

PRIVATESep 20, 2022

Amount Raised

$18 Million

Round Type

Funding Round

TorontoFinancial ServicesInsurtechInsurance

Description

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.

Quick answer

PolicyMe raised $18 Million in a Funding Round round, dated September 20, 2022. PolicyMe is based in Toronto, Ontario, Canada.

How much did PolicyMe raise?
PolicyMe raised $18 Million in a Funding Round round on September 20, 2022.
What does PolicyMe do?
PolicyMe is a Canadian digital life insurance solution built to make financial protection for families honest, uncomplicated and affordable.
Where is PolicyMe based and how big is it?
PolicyMe is based in Toronto, Ontario, Canada.

Source: Fundz verified event record.

Who else raised in Financial Services and Insurtech around the same time

Companies in the same sectors as PolicyMe that raised within 45 days of this round, from Fundz verified event records.

  • Stere raised $5M (Seed) on September 26, 2022.
  • Cover Genius raised $70M (Funding Round) on November 1, 2022.
  • Amplify raised an undisclosed amount on October 3, 2022.
  • DPL Financial Partners raised $1B (Funding Round) on September 27, 2022.
  • Pie Insurance raised $315M (Series D) on September 21, 2022.
  • Milly Books raised $250K on September 19, 2022.

Who to call at PolicyMe, and when

A new round usually means PolicyMe is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day PolicyMe raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at PolicyMe, from your own LinkedIn network

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Company Information

Company

PolicyMe

Location

Toronto, Ontario, Canada

About

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.

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Fundz sees it the moment PolicyMe raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

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

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.