Dallas software company raises $120 million co-led by Goldman Sachs

Dallas software company raises $120 million co-led by Goldman Sachs

Dallas-based Bestow has closed a $120 million Series D round of funding co-led by Goldman Sachs and secured a $50 million credit facility from venture financier TriplePoint Capital LLC. Read on to learn more about the insurance software startup and how it intends to put the new capital to use, including plans for hiring more employees.

Insurtech Bestow lands $120M Series D from Goldman Sachs, Smith Point Capital

Melbourne O'Banion co-founded insurtech Bestow with Jonathan Abelmann in 2017 after struggling to secure his own life insurance policy. His goal was to Goldman Sachs Alternatives’ Growth Equity and ex-Salesforce co-CEO Keith Block’s Smith Point Capital co-led the investment.

Dallas Insurance Innovator Bestow Closes $120M Series D Fundraising Round

Dallas Innovates, Every Day: Here's what's new + next in North Texas. Dallas-based insurance technology company Bestow Inc. has closed a $120 million oversubscribed Series D funding round, including primary and secondary investments. The round was co-led by Growth Equity at Goldman Sachs Alternatives and Smith Point Capital. In addition to the equity financing, Bestow also secured a $50 million credit facility from TriplePoint Capital.…The post …

Bestow Closes $120M Oversubscribed Series D Funding

Bestow Inc., a leading insurance technology company, today announced the close of a $120 million oversubscribed Series D funding round, including primary and secondary investments. The round was co-led by Growth Equity at Goldman Sachs Alternatives and Smith Point Capital. In addition to the equity financing, Bestow also secured a $50 million credit facility from TriplePoint Capital. The capital will fund the development of new products and serv…

Bestow Raises $120M in Series D Funding

Bestow Inc., a Dallas, TX-based insurance technology company, raised $120M in Series D funding. The round was led by Growth Equity at Goldman Sachs Alternatives and Smith Point Capital. In addition to the equity financing, Bestow also secured a $50M credit facility from TriplePoint Capital. The company intends to use the funds to accelerate the development of new […] The post Bestow Raises $120M in Series D Funding appeared first on FinSMEs.

InsurTech firm Bestow raises $120m to accelerate platform expansion

Bestow, a technology provider for the life insurance sector, has raised $120m in an oversubscribed Series D funding round as it continues to reposition itself as a core technology partner for carriers.