Policygenius Inc. — A company that sells life insurance and other products through the we— has raised about $100 million in funding from a group of investors.
Kohlberg Kravis Roberts & Co. L.P. organized the round of funding.
Two of the other companies on the investor list are the venture capital arms of Massachusetts Mutual Life Insurance Company and Aegon N.V.’s Transamerica unit.
MassMutual and Transamerica also participated in a $30 million round of funding that was announced in May 2017.
- A link to a Policygenius SEC filing is available here.
Policygenius was founded in 2014. The company sells health insurance, disability insurance, pet insurance and property-casualty insurance as well as life insurance.
The company has placed about $45 billion in life coverage since it was founded, according to company figures.
The company says it is generating about $60 million in annualized revenue per year, and that expanded P&C distribution operations have generated about $10 million i revenue in less than 12 months.