Anthony R. O’Donnell // March 17, 2022
(Image source: Policygenius homepage.)
Policygenius (New York), an online distribution site for insurance and financial protection, has announced the closing of $125 million of new growth capital, bringing the company’s total funding to more than $250 million.
All existing major investors participated in the round, including KKR, Norwest Venture Partners, and Revolution Ventures. New investors included several of the largest annuity and life insurance carriers in North America, e.g., Brighthouse Financial, Global Atlantic Financial Group, iA Financial Group, Lincoln Financial, and Pacific Life. The investment of these carriers, along with additional investment by existing investors that