Ladder, which offers life insurance, has announced a $100M Series D round to continue building the digital life insurance company.
The $100M financing round was led by Thomvest Ventures and OMERS Growth Equity. It will be used to fuel Ladder’s approach to making life insurance as accessible and affordable as it should be — as well as growing the Ladder team, which has plans to more than double next year.
“I know first hand how life insurance can change a life,” said Jamie Hale, CEO and Co-Founder at Ladder. “With 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.”
“The world is only becoming more digital, not less, and the life insurance industry to-date has been slow to modernize,” said Don Butler, Managing Director, Thomvest Ventures. “We are excited to invest in Ladder’s 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.”
“Jamie Hale and his visionary management team are building Ladder into an innovative, market-leading digital life insurance company,” said Saar Pikar, Managing Director and fintech lead, OMERS Growth Equity. “We are very pleased to count Ladder as OMERS Growth Equity’s first direct fintech investment – 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,” he added.
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.