Pillar Technology
Latest round
- Seed
Last raised
- Oct 2020
Total raised
- $6.5M
Investors
- 5
About Pillar Technology
Pillar Technology Inc.Founded in 2018, Pillar Technology Inc. operates from New York, US, offering financial products that provide guaranteed returns.50 mn.Pillar Life Insurance specializes in providing Multi-Year Guaranteed Annuities (MYGAs) that deliver guaranteed returns over fixed periods ranging from two to seven years. These financial products are designed to offer clients a secure method of asset growth while protecting their investments from market fluctuations. Pillar Life's MYGAs feature tax-deferred growth, no agent fees, and waivers for surrender charges under certain conditions, such as partial withdrawals, death, or nursing home admission.Pillar Life Insurance generates revenue through the sale of its MYGA products to individual clients, allowing for straightforward transactions between the firm and its customer base. The typical transaction structure involves clients purchasing annuity contracts, which guarantee fixed interest rates for specified terms. This direct-to-consumer model eliminates intermediary fees, enhancing the appeal of their offerings.05% across multiple terms.Pillar Technology Inc.50 mn to enhance its product offerings and expand into new markets. The company aims to design additional financial products tailored to meet the evolving needs of its clients, with new launches expected within the next year.
Who invested in Pillar Technology
5 investors across 2 rounds
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Questions about Pillar Technology
Who invested in Pillar Technology?
Pillar Technology has 5 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Pillar Technology raised?
Pillar Technology has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Pillar Technology last raise money?
Pillar Technology's most recent round on record is a Seed, in Oct 2020.
What does Pillar Technology do?
Pillar Technology is a software company.
Where is Pillar Technology headquartered?
Pillar Technology is headquartered in New York, US.
Which VCs invest in companies like Pillar Technology?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Pillar Technology's stage. Their profiles are linked below.
VCs backing software startups at Seed
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