6 years ago

yulife Raises €11.3 Million to Make Life Insurance a Force for Good

  • yulife, a life insurance company focused on employee wellbeing, has secured €11.3 million in Series A funding led by Creandum Funds

  • The round also saw participation from MMC Ventures, Notion Capital, existing investors Anthemis Exponential Ventures, RGAX, and OurCrowd

  • yulife's platform rewards users for healthy activities and provides life insurance coverage, aiming to make life insurance more engaging and accessible, particularly for SMEs

  • The company plans to use the funds to further develop its product and reach more businesses.

      • ProblemFinancial Services

      "Traditional life insurance is often seen as complex, poor value, and only benefits the insured after death, leading to low adoption rates, particularly among SMEs."

      Solution

      "yulife offers a digital-first life insurance platform that incentivizes employee wellbeing through rewards for healthy activities, making insurance more engaging and beneficial in the present while still providing financial protection."

      Covered on