- Bestow, a Dallas, TX-based life insurance company, raised $70m in Series C funding
- Backers included Breyer Capital, Valar Ventures, New Enterprise Associates, Core Innovation Ventures, Morpheus Ventures, and Sammons Financial
- The company intends to use the funds to launch innovative products, scale platform services, and accelerate growth into new distribution channels and partnerships
- Bestow provides a digital life insurance platform to make coverage accessible to people in minutes instead of months
- Its full-stack platform will accelerate growth into new insurance, carrier, and partner channels in 2021
- In addition to sales rising more than 450% year-over-year, the company has recently invested in key growth initiatives
