3 years ago

YuLife Secures $120M Series C to Fuel Global Expansion and Product Development

  • London-based insurtech company YuLife has raised $120 million in a Series C funding round led by Dai-ichi Life Insurance Company

  • This brings the company's total funding to $206 million

  • YuLife plans to use the new funding to expand globally and broaden its product offerings

  • The company, founded in 2016, provides insurance coverage to approximately 500,000 policyholders through its app, which incentivizes healthy habits with rewards.

      • ProblemFinancial Services

      "Traditional insurance is often seen as a necessary evil, with little focus on the well-being of policyholders."

      Solution

      "YuLife offers a gamified approach to insurance, rewarding users for engaging in healthy activities and promoting a sense of community through its app."

      Covered on