Insurtech Bestow Announces $120M Series D and $50M Credit Facility

Gunderson Dettmer represented client Bestow, a Dallas-based insurance technology company, in its $120 million Series D financing co-led by Goldman Sachs Alternatives and Smith Point Capital as well as its $50 million credit facility from TriplePoint Capital. Bestow’s comprehensive platform helps life insurers streamline operations, cut costs, and boost profitability across every stage of the value chain. The company will use its new capital to fund the development of new products and services.

In the announcement of the transaction, Co-founder and CEO of Bestow Melbourne O’Banion said, “This investment strengthens Bestow's position as the preferred partner for life insurance and annuity providers seeking to modernize and scale. We are accelerating product innovation to help the industry stay ahead of market trends, unlock new opportunities, and build lasting competitive advantages through technology. We are deeply grateful to our investors and carrier partners for their support and shared belief in our mission to modernize the life insurance and annuities space."

The Gunderson deal team was led by Nick Harley and included Jenny Whalen-Ball, Mike Peragine, Henry Ludwig, Sahar Adora and Yue Yang.

Companies
Bestow
Goldman Sachs
Smith Point Capital
TriplePoint Capital