The round was co-led by Growth Equity at Goldman Sachs Alternatives and Smith Point Capital. In addition to the equity financing, Bestow also secured a $50 million credit facility from TriplePoint Capital to further fuel its operational growth and product development initiatives.

Bestow offers a vertically integrated digital platform tailored for life and annuity carriers, enabling them to streamline operations across the insurance value chain—from product development and underwriting to policy administration. The platform aims to enhance insurers’ ability to modernize their infrastructure, increase efficiency, and deliver better customer service at scale.

The fresh capital injection will support the expansion of Bestow’s technology platform, with a focus on launching new solutions and scaling to meet growing enterprise demand. The company also plans to increase headcount as it accelerates client acquisition and product innovation.

“This investment strengthens Bestow’s position as the preferred partner for life insurance and annuity providers seeking to modernize and scale,” said Melbourne O’Banion, Bestow’s CEO and co-founder. “We are accelerating product innovation to help the industry stay ahead of market trends, unlock new opportunities, and build lasting competitive advantages through technology.”

O’Banion expressed gratitude to the company’s investors and carrier partners, emphasizing their shared commitment to reshaping the future of life insurance through digital transformation.

The latest funding round signals strong investor confidence in Bestow’s vision as it continues to evolve from a digital distributor into a core technology enabler for the insurance sector.