USA – Assured Allies, a Boston, MA-based insurtech company for evidence-based successful aging, raised $42.5M in Series B funding.
The round, which brought the total capital raised to $65M, was led by FinTLV Ventures and existing investor Harel Insurance, with participation from Lumir Ventures, the Fund of Hamilton Lane (NASDAQ: HLNE), New Era Capital Partners, MS&AD Ventures, Core Innovation Capital, Poalim Equity, EquiTrust Life Insurance Company, Akilia Partners, and Samsung Next. The company intends to use the funds to accelerate further growth and expansion its carrier and partner network.Founded in 2018 and led by CEO Roee Nahir, and president Afik Gal, MD, Assured Allies launched its first product, AgeAssured, in 2020. AgeAssured is a science-based platform which aims to reduce disability and support aging at home on a large scale. It is offered in partnership with long-term care insurers and has proven efficacy and cost-efficiency in reducing premature age-related decline and enabling policyholders to continue living independently in their homes. Its second product NeverStop, launched in 2022, is an AI-driven, science-backed platform to create, underwrite, and support the next generation of retirement products. The platform integrates digital underwriting, personalized risk reduction strategies, and financial support, so that individuals aged 55+ can lower their risk of disability and live longer and better in their homes. The company has a second office in Tel Aviv, Israel. 07/03/2023
