# Bestow Agency

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bestow-agency

- Industry: Insurance
- Headquarters: Dallas, US
- Website: www.bestow.com
- Total disclosed funding: $238M
- Latest round: Series D (May 13, 2025)
- Investors on record: 9

## About

Based in the US, Bestow Agency LLC operates as a life insurance technology provider, offering innovative Software-as-a-Service (SaaS) solutions to streamline life and annuity origination processes.Bestow Agency LLC, founded in 2017, is headquartered in Dallas, US. The company specializes in providing technology solutions for life insurance carriers. The firm has completed 7 deals, with its most recent funding round being a Series D round on May 13, 2025, where it raised USD 120.00 mn from investors including Goldman Sachs Merchant Banking Division and Smith Point Capital. The current valuation of the company stands at USD 786.08 mn. The founders, Jonathan Abelmann and Melbourne OBanion, have a background in entrepreneurship, contributing to the company's innovative approach in the insurance sector.Bestow specializes in providing a comprehensive life insurance Software-as-a-Service (SaaS) platform designed to enhance the efficiency of life and annuity origination businesses. Core offerings include an application suite that streamlines the process from quoting to checkout, a customizable underwriting engine that allows carriers to tailor their policies, and a robust sales management dashboard that provides real-time status updates for agents and carriers. Bestow's user-friendly, white-labeled self-service portal is designed for both customers and agents, enabling them to navigate their insurance needs independently. These products aim to modernize the insurance industry by reducing friction in the customer experience and addressing the evolving demands of consumers who expect seamless digital interactions. Bestow serves a wide range of clients, primarily life insurance carriers, across the United States, positioning itself at the forefront of the digital insurance landscape.Bestow's revenue model primarily revolves around partnerships with life insurance carriers, where the firm provides its technology solutions in exchange for licensing agreements and service subscriptions. The company enables carriers to integrate its software into their existing infrastructure or adopt the entire platform to modernize their operations. Transactions typically involve a mix of B2B engagements, where Bestow collaborates with insurance companies to enhance their offerings and streamline their processes. This business model allows carriers to leverage Bestow's technology to improve their underwriting efficiency and customer service while retaining control over their branding and pricing structures. Specific pricing plans or transaction details associated with individual products are proprietary to the firm and are structured to align with the unique needs of each client.In May 2025, Bestow Agency LLC raised USD 50.00 mn in venture debt funding from new investor TriplePoint Capital as part of a larger USD 170.00 mn Series D funding round. The company intends to utilize the funding to invest in research and development, enhance its product offerings, and accelerate the expansion of its platform. Bestow plans to introduce new products designed to further improve its service capabilities, although specific release dates have not been detailed. Additionally, the company is targeting expansion into new geographic markets, with plans to penetrate additional regions within the US by 2026.

## Funding rounds

- Series D, May 13, 2025, $120M — Goldman Sachs Asset Management, Smith Point Capital
- Series C, Nov 25, 2020, $70M — New Enterprise Associates, Sammons Enterprises, Valar, Core Innovation Capital, Breyer Capital, Morpheus Ventures
- Series B, Feb 14, 2020, $30M — New Enterprise Associates, Sammons Enterprises, Valar, Core Innovation Capital, Morpheus Ventures
- Series A, Apr 13, 2018, $15M — New Enterprise Associates, Valar, Core Innovation Capital, 8VC, Morpheus Ventures
- Seed, Jul 12, 2017, $2.5M — New Enterprise Associates, Core Innovation Capital, 8VC, Morpheus Ventures

## Investors

- New Enterprise Associates (https://capitalatlas.ai/funds/new-enterprise-associates) — Seed, Series A, Series B, Series C
- Core Innovation Capital (https://capitalatlas.ai/funds/core-innovation-capital) — Seed, Series A, Series B, Series C
- 8VC (https://capitalatlas.ai/funds/8vc) — Seed, Series A
- Morpheus Ventures (https://capitalatlas.ai/funds/morpheus-ventures) — Seed, Series A, Series B, Series C
- Valar (https://capitalatlas.ai/funds/valar) — Series A, Series B, Series C
- Sammons Enterprises — Series B, Series C
- Breyer Capital (https://capitalatlas.ai/funds/breyer-capital) — Series C
- Goldman Sachs Asset Management (https://capitalatlas.ai/funds/goldman-sachs-asset-management) — Series D
- Smith Point Capital (https://capitalatlas.ai/funds/smith-point-capital) — Series D