PALO ALTO, Calif., Jan. 10, 2018 /PRNewswire/ -- Ladder, the company that introduced instant, simple and smart life insurance exactly one year ago today, has raised $30M in Series B financing, led by RRE Ventures, with participation from Thomvest Ventures, as well as Ladder's existing investors: Canaan Partners, Lightspeed Venture Partners and Nyca Partners.
"Ladder's full stack approach sets them up to deliver breakthrough innovation in this space," said Stuart Ellman, co-founder and general partner of RRE Ventures. "We're excited to work alongside this great team as they build the next generation life insurance offering."
The Ladder team has built a proprietary technology from the ground up, enabling the company to quickly iterate on its product to introduce new features that streamline the experience for consumers. Ladder launched its fully-digital life insurance solution in California on January 10, 2017, and has since expanded to nearly every state across the country.
With this latest round of funding, Ladder will continue to develop its platform capabilities and expand its marketing initiatives nationwide. The company recently announced it will also make its digital life insurance offering available to partners via the Ladder API.
"One year ago today, we set out to reinvent life insurance, and I could not be more proud of what our team has accomplished," said Jamie Hale, Ladder's CEO and co-founder. "That said, we're just getting started. We will continue to lead innovation in life insurance so more people can get the coverage they want and need."
Experience Ladder for yourself at www.ladderlife.com.
Ladder is life insurance built to be instant, simple, and smart. Founded in 2015, Ladder has designed a digital-first life insurance product to serve today's financially savvy consumer. For more information visit: www.ladderlife.com/about.
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