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

Bestow Secures $120M in Series D Funding

Insurtech company Bestow has successfully raised $120 million in a Series D funding round. This investment was co-led by Goldman Sachs Alternatives’ Growth Equity and Smith Point Capital, signaling robust interest in the company's innovative approach to life insurance.

Founding Story

Founded in 2017 by Melbourne O'Banion and Jonathan Abelmann, Bestow emerged from a personal challenge. O'Banion faced difficulties in obtaining a life insurance policy, which sparked the idea to create a more accessible and user-friendly solution for consumers.

Investment Insights

The latest round of funding is significant for Bestow, highlighting the growing demand for technology-driven solutions in the insurance sector. Backing from established firms like Goldman Sachs and Keith Block's Smith Point Capital brings not only capital but also valuable industry knowledge and mentorship.

Potential Impact

With this financing, Bestow may expand its product offerings and enhance technology infrastructure, which could improve customer experience. The insurtech space has seen rapid evolution, and investments like this suggest a strong market potential for simplifying life insurance processes.

Stakeholders in the insurance industry, from consumers to other insurtech players, might feel the ripple effects of Bestow's continued growth. As more companies aim to make life insurance accessible, changes in competition and customer expectations are likely.

For additional details, check out the full announcement linked below.

Original Source: https://techcrunch.com/2025/05/13/insurtech-bestow-lands-120m-series-d-from-goldman-sachs-smith-point-capital/