# Bestow

> Bestow is a Dallas-based insurtech company that provides life and annuity carriers with a vertically integrated technology platform. It powers digital quoting and applications, automated underwriting, policy administration and self-service portals through modular, API-based software, letting insurers such as Nationwide, Transamerica, USAA and Sammons Financial Group modernize product development and operations. After divesting its own consumer carrier in 2024, Bestow now operates as a pure business-to-business software provider and raised a $120 million Series D in May 2025.

- **Founded:** 2016
- **Headquarters:** Dallas, Texas, United States
- **Founders:** Melbourne O'Banion (CEO & Co-Founder), Jonathan Abelmann (President & Co-Founder)
- **Team size:** Approximately 220 employees
- **Products:** Underwriting Engine, Policy Administration, New Business / Digital Application, Protect API, Intelligence / AI Decision Engine
- **Notable:** Closed a $120M oversubscribed Series D in May 2025 co-led by Growth Equity at Goldman Sachs Alternatives and Smith Point Capital, Raised over $377M in total equity funding to date, Successfully pivoted from direct-to-consumer to a pure B2B enterprise platform after divesting its carrier to Sammons Financial Group in 2024

## Products & services

- **Underwriting Engine** — A configurable rules-and-decision engine that lets carriers launch digital, automated underwriting for life products while retaining control over customizations.
- **Policy Administration** — Payment, billing, policy delivery and administration tools with customer and support-staff portals, plus full third-party administration (TPA) services.
- **New Business / Digital Application** — Digital quote, illustration and application journeys for customers and agents that can issue coverage in minutes.
- **Protect API** — API infrastructure that lets partners and distributors embed 100% digital life insurance and integrate with carrier and external data systems.
- **Intelligence / AI Decision Engine** — Data science and AI tooling that supports risk assessment, predictive analytics and decision support across the policy lifecycle.

## Achievements

- Closed a $120M oversubscribed Series D in May 2025 co-led by Growth Equity at Goldman Sachs Alternatives and Smith Point Capital
- Raised over $377M in total equity funding to date
- Successfully pivoted from direct-to-consumer to a pure B2B enterprise platform after divesting its carrier to Sammons Financial Group in 2024
- Reported tripling revenue in 2024 and ~10x growth over two years
- Achieved 100% enterprise customer retention and a 245% year-over-year increase in transaction volume
- Signed major carriers including Nationwide, Transamerica and USAA

## Latest updates

- **2025-05** — Closed a $120M oversubscribed Series D co-led by Growth Equity at Goldman Sachs Alternatives and Smith Point Capital, plus a $50M credit facility from TriplePoint Capital.
- **2024** — Divested Bestow Life Insurance Company to Sammons Financial Group, refocusing the company entirely on its B2B enterprise technology platform.
- **2024** — Reported tripling annual revenue and reaching 100% enterprise customer retention.

## Links

- Website: https://bestow.com
- LinkedIn: http://www.linkedin.com/company/bestowtech
- Twitter/X: https://twitter.com/bestowlife
- Facebook: https://www.facebook.com/bestowinc/

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Profile page: https://yespress.io/bestow
Published by YesPress — https://yespress.io
Last updated: 2026-07-22