--- title: Insurtech Bestow lands $120M Series D from Goldman Sachs, Smith Point Capital description: "\"Discover how Bestow, co-founded by Melbourne O'Banion and Jonathan Abelmann, secured $120M in Series D funding from Goldman Sachs and Smith Point Capital to revolutionize the life insurance industry. Learn more from TechCrunch.\"" image: https://insnerds.com/hubfs/News%20Feed%20Featured%20Image.jpg --- 1 min read # Insurtech Bestow lands $120M Series D from Goldman Sachs, Smith Point Capital [![Picture of Insurance Nerds Editorial Team](https://insnerds.com/hubfs/insurance_nerds_logo.png) Insurance Nerds Editorial Team ](https://insnerds.com/news/author/insurance-nerds-editorial-team) : May 13, 2025 9:33:44 AM ![Insurtech Bestow lands $120M Series D from Goldman Sachs, Smith Point Capital](https://insnerds.com/hubfs/News%20Feed%20Featured%20Image.jpg) ### 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/](https://techcrunch.com/2025/05/13/insurtech-bestow-lands-120m-series-d-from-goldman-sachs-smith-point-capital/) - [Tweet](https://twitter.com/share) [![Goldman Sachs unit co-leads $120m series D in insurtech firm Bestow](https://insnerds.com/hubfs/News%20Feed%20Featured%20Image.jpg) ](https://insnerds.com/news/goldman-sachs-unit-co-leads-120m-series-d-in-insurtech-firm-bestow) #### [Goldman Sachs unit co-leads $120m series D in insurtech firm Bestow](https://insnerds.com/news/goldman-sachs-unit-co-leads-120m-series-d-in-insurtech-firm-bestow) ![Picture of Insurance Nerds Editorial Team](https://insnerds.com/hs-fs/hubfs/insurance_nerds_logo.png?width=30&name=insurance_nerds_logo.png) [Insurance Nerds Editorial Team](https://insnerds.com/news/author/insurance-nerds-editorial-team) : May 14, 2025 1:08:40 AM Goldman Sachs Unit Backs Bestow with $120 Million Series D Funding Bestow, an insurtech company known for simplifying life insurance, has recently... [Read More](https://insnerds.com/news/goldman-sachs-unit-co-leads-120m-series-d-in-insurtech-firm-bestow) [![12.6 Million US Properties at High Risk From Hail Damage, Exposing Insurers to $189.5 Billion in Potential Losses](https://insnerds.com/hubfs/News%20Feed%20Featured%20Image.jpg) ](https://insnerds.com/news/12-6-million-us-properties-at-high-risk-from-hail-damage-exposing-insurers-to-189-5-billion-in-potential-losses) #### [12.6 Million US Properties at High Risk From Hail Damage, Exposing Insurers to $189.5 Billion in Potential Losses](https://insnerds.com/news/12-6-million-us-properties-at-high-risk-from-hail-damage-exposing-insurers-to-189-5-billion-in-potential-losses) ![Picture of Insurance Nerds Editorial Team](https://insnerds.com/hs-fs/hubfs/insurance_nerds_logo.png?width=30&name=insurance_nerds_logo.png) [Insurance Nerds Editorial Team](https://insnerds.com/news/author/insurance-nerds-editorial-team) : Apr 11, 2025 10:31:44 AM Over 12 Million U.S. Properties at Risk of Hail Damage ZestyAI has unveiled a significant concern for insurers, revealing that over 12.6 million U.S.... [Read More](https://insnerds.com/news/12-6-million-us-properties-at-high-risk-from-hail-damage-exposing-insurers-to-189-5-billion-in-potential-losses) [![InsurTech ClaimSorted secures $13.3m seed round](https://insnerds.com/hubfs/News%20Feed%20Featured%20Image.jpg) ](https://insnerds.com/news/insurtech-claimsorted-secures-13-3m-seed-round) #### [InsurTech ClaimSorted secures $13.3m seed round](https://insnerds.com/news/insurtech-claimsorted-secures-13-3m-seed-round) ![Picture of Insurance Nerds Editorial Team](https://insnerds.com/hs-fs/hubfs/insurance_nerds_logo.png?width=30&name=insurance_nerds_logo.png) [Insurance Nerds Editorial Team](https://insnerds.com/news/author/insurance-nerds-editorial-team) : Oct 13, 2025 7:07:49 AM ClaimSorted Secures $13.3M Seed Funding ClaimSorted, an InsurTech start-up focused on optimizing claims processing for insurers, has successfully... [Read More](https://insnerds.com/news/insurtech-claimsorted-secures-13-3m-seed-round) ![](https://px.ads.linkedin.com/collect/?pid=7110236&fmt=gif) ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Insurance Nerds Editorial Team", "url" : "https://insnerds.com/news/author/insurance-nerds-editorial-team" }, "datePublished" : "2025-05-13T13:33:44.000Z", "headline" : "Insurtech Bestow lands $120M Series D from Goldman Sachs, Smith Point Capital", "image" : [ "https://insnerds.com/hubfs/News%20Feed%20Featured%20Image.jpg" ], "mainEntityOfPage" : { "@id" : "https://insnerds.com/news/insurtech-bestow-lands-120m-series-d-goldman-sachs-smith-point-capital", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://insnerds.com/hubfs/InsNerds%20Large%20print%20quality.png" }, "name" : "Insurance Nerds" } } ```