Amplify Life Insurance: Raises $2.5M in Funding
- Amplify Life Insurance, a San Francisco, CA-based digital permanent life insurance platform, raised $2.5M in seed funding
- The round was led by Anthemis with participation from Transverse Ventures Fund
- The company intends to use the funds to continue to expand operations and its business reach
- Amplify provided a platform that offers life insurance products where customers can access tax-free investments inside their policy to use for retirement
- After incorporating in September 2019, Amplify raised their pre-seed round in March 2020
- They released their initial customer-facing platform and began generating early revenue in January 2020
