Established in 2021, Spanish insurtech Life5 aims to provide a fully digital experience for a range of life insurance products. The Managing General Agent (MGA) collaborates with multiple insurers, including AXA and CNP Assurances. Currently operational in Spain and France, Life5 strives to offer innovative solutions to its customers.
Speaking about the funding drive, Guillermo Alén, CEO of Life5, said: “We’re very satisfied with the result of this third round of financing, which demonstrates the confidence that investors have in our vision and in the value we offer. This financial backing will allow us to drive our growth strategy and strengthen our position in the life insurance market as we continue to offer cutting-edge solutions to our customers.” – .
Raffi Kamber, general partner, founder at Singular, added: “The transformation we are seeing in life insurance is immense with new businesses appearing all the time. In life insurance, Life5 is the foremost benchmark in Spain and France, with an unparalleled product and a dynamic technology, making them great pioneers in this sector.”
The successful fundraising effort further strengthens Life5’s position and paves the way for its continued expansion and advancements in the life insurance market.