Deals
Ladder Nabs $900 Million Valuation With Thomvest, Omers Backing
- Life-insurance startup raises $100 million in equity funding
- Firm to have issued $30 billion in policies by end of year
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Life-insurance startup Ladder raised $100 million in equity funding from investors led by Thomvest Ventures and OMERS Growth Equity.
The Palo Alto, California-based company is now valued at $900 million, according to people with knowledge of the matter. The company has issued its first policies through its insurance carrier, which makes it the first fully digital life insurer, co-founder and Chief Executive Officer Jamie Hale said in an interview.