USA – iLife Technologies, a Palo Alto, CA-based provider of a front end “Operating System” (OS) for insurance carriers and agencies, raised $17M in Series A funding.
The round was led by Foundation Capital, Brewer Lane Ventures, and SCOR Ventures, with participation from GTMFund and OpenView Partners. Notable former insurance carrier executives joined the Board at iLife, including John Kim, former President at New York Life, and Deanna Mulligan, former CEO at Guardian Life.The company intends to use the funds toward product engineering and growth. Co-founded by Nelson Lee and Amit Lohia iLife provides software that helps insurance agents grow and build their life insurance business. Used by over 11,000 agents, the product solves pain points in insurance distribution by providing all critical workflow functions in one place, shortening sales cycles, reducing back office expenses, and providing better experiences. With iLife’s OS, agents can instantly generate quotes & e-apps, communicate and market to clients directly from the CRM, and build insurance websites code-free.iLife will be announcing noteworthy partnerships with top carriers and IMO’s in the near future.27/01/2023
