What You Need to Know
- Breeze raised $10 million.
- A Northwestern Mutual affiliate contributed to the Breeze round.
- Nassau Financial contributed to the InsureLife round.
Two young insurance distribution companies have raised large amounts of cash from investors.
One is Breeze, an Omaha, Nebraska-based company that sells disability insurance and critical illness insurance online.
The other is InsureLife, a Raleigh, North Carolina-based insurance distribution system company.
Breeze raised $10 million from a group that includes a Northwestern Mutual venture capital affiliate and Silicon Valley Bank.
The lead investor was Link Ventures of Boston.
Breeze says it will use the new funding to add new products, insurers and agents.