Dallas-based Bestow closes on $50M for life insurance
News : Dallas-based Bestow, a provider of term life insurance offered through an online platform, has closed on $50 million in a Series B funding round led by Valar Ventures. The financing comes after the company posted 800 percent year-over-year policy growth in Q1 of 2020.
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Fintech unicorn AvidXchange, a provider of accounts payable and payment automation tools for mid-sized businesses, has raised an additional $128 million in funding. The financing is an extension of a $260 million Series F round the Charlotte-based company raised in January.
Clever Care Health Plan, an insurance provider that describes itself as incorporating both Eastern and Western medicine into its coverage, has raised $20 million in a Series A round led by Norwest Venture Partners. The company plans to use the new financing to set up a California Medicare Advantage health plan and hire staff for its two offices in Southern California.
