# Yu Life

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/yu-life

- Industry: Software
- Headquarters: London, UK
- Website: www.yulife.com
- Total disclosed funding: $194M
- Latest round: Series C (Jul 7, 2022)
- Investors on record: 11

## About

Yu Life Ltd., based in the UK, operates an innovative platform that combines group insurance with wellness initiatives, promoting employee engagement and health.Founded in London, UK, in 2016, Yu Life Ltd. specializes in integrating group insurance with employee benefits. The company was established by Jaco Oosthuizen, Jonathan Roomer, Josh Hart, Sam Fromson, and Sammy Rubin, who also serves as the CEO. The company has successfully raised USD 120 mn in its latest Series C funding round on July 7, 2022, led by Dai-ichi Life Insurance and includes various notable investors. To date, Yu Life has completed five funding deals, totaling USD 120 mn in funding and achieving a current valuation of USD 800 mn.Yu Life provides a platform that integrates group insurance with employee benefits and wellness initiatives. Their offerings include group health insurance, group life insurance, group income protection, and group dental insurance, all aimed at enhancing employee support and incentivizing healthy habits through a gamified rewards system. The company serves over 1,000,000 employees across thousands of organizations, primarily in the UK, while also expanding into international markets.For the most recent fiscal year 2022, Yu Life reported a revenue of USD 3.84 mn and an EBITDA of USD -22.08 mn. The company's revenue model is based on B2B transactions, where employers pay subscription fees for group insurance and related services, reflecting a structured approach to client financial support and employee wellbeing.In July 2022, Yu Life Ltd. raised USD 120 mn in Series C funding to support its expansion into new global markets and to scale its product range. The funding will enable the company to launch new products and enhance offerings as it seeks to broaden its geographical reach.

## Funding rounds

- Series C, Jul 7, 2022, $120M — Eurazeo, Dai-ichi Life Insurance, MMC Ventures, Latitude Partners, Creandum, Notion Capital, Anthemis, Target Global, OurCrowd, LocalGlobe
- Series B, Jun 21, 2021, $57M — Eurazeo, MMC Ventures, Latitude Partners, Creandum, Notion Capital, Anthemis, Target Global, OurCrowd
- Series A, Apr 29, 2019, $14M — MMC Ventures, Creandum, Notion Capital, Anthemis, OurCrowd, LocalGlobe, RGAx
- Seed, Aug 3, 2017, $3.9M — Anthemis, OurCrowd, LocalGlobe

## Investors

- Anthemis (https://capitalatlas.ai/funds/anthemis) — Seed, Series A, Series B, Series C
- OurCrowd (https://capitalatlas.ai/funds/ourcrowd) — Seed, Series A, Series B, Series C
- LocalGlobe (https://capitalatlas.ai/funds/localglobe) — Seed, Series A, Series C
- MMC Ventures (https://capitalatlas.ai/funds/mmc-ventures) — Series A, Series B, Series C
- Creandum (https://capitalatlas.ai/funds/creandum) — Series A, Series B, Series C
- Notion Capital (https://capitalatlas.ai/funds/notion-capital) — Series A, Series B, Series C
- RGAx — Series A
- Eurazeo (https://capitalatlas.ai/funds/eurazeo) — Series B, Series C
- Latitude Partners (https://capitalatlas.ai/funds/latitude-partners) — Series B, Series C
- Target Global (https://capitalatlas.ai/funds/target-global) — Series B, Series C
- Dai-ichi Life Insurance — Series C